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DST Systems Inc (DST.N)

DST.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dst Systems announces second quarter 2017 results
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - DST Systems Inc :DST Systems announces second quarter 2017 financial results.Q2 revenue $536.2 million versus I/B/E/S view $568.3 million.Q2 earnings per share $1.21.Q2 adjusted non-gaap earnings per share $0.76 from continuing operations.Q2 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.  Full Article

DST Systems reports new $300 mln share repurchase program
Tuesday, 9 May 2017 08:30am EDT 

May 9 (Reuters) - DST Systems Inc ::Sets quarterly cash dividend of $0.36per share.DST Systems, Inc. announces new $300 million share repurchase program, 3 percent increase in quarterly dividend, and two-for-one stock split.DST Systems - previous $300 million share repurchase programs were completed in april 2017.DST Systems - board of directors also approved a two-for-one split of DST's common stock.DST Systems - expects its common stock to begin trading at split-adjusted price on june 9, 2017.  Full Article

DST Systems Q1 adjusted non-gaap EPS $1.45 from continuing operations excluding items
Thursday, 27 Apr 2017 06:30am EDT 

April 27 (Reuters) - Dst Systems Inc :Dst systems, inc. Announces first quarter 2017 financial results.Q1 adjusted non-gaap earnings per share $1.45 from continuing operations excluding items.Q1 earnings per share $7.71.Dst systems inc - qtrly consolidated operating revenues increased $18.5 million or 5.1% to $379.8 million as compared to q1 2016.Q1 earnings per share view $1.26, revenue view $381.0 million -- Thomson Reuters I/B/E/S.  Full Article

Dst to acquire remaining interest in Joint Ventures, BFDS and IFDS U.K., from State Street
Monday, 27 Mar 2017 09:56am EDT 

State Street Corp : DST to acquire remaining interest in joint ventures, BFDS and IFDS U.K., from State Street . Expects consolidated IFDS U.K. Businesses to contribute about $440 million of incremental annual operating revenues upon acquisition . In U.K., DST'S unit will acquire ownership interest in IFDS U.K; acquisition will be funded through cash on hand, DST's existing debt facilities . Expects $20 million of operating income before synergies, restructuring costs and amortization of intangibles over next twelve months .Expects IFDS U.K. Deal accretive to diluted eps by $0.18-$0.22 in next 12 months before synergies, restructuring costs, amortization of intangibles.  Full Article

DST Systems announces fourth quarter 2016 financial results
Thursday, 26 Jan 2017 06:30am EST 

DST Systems Inc : DST Systems, Inc. announces fourth quarter 2016 financial results . Q4 revenue $373.7 million versus I/B/E/S view $394.8 million . Q4 adjusted non-GAAP earnings per share $1.66 from continuing operations . Q4 earnings per share $1.84 . Q4 earnings per share view $1.53 -- Thomson Reuters I/B/E/S .DST Systems Inc - Declares 6% increase in quarterly cash dividend to $0.35 per share.  Full Article

DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation
Thursday, 29 Sep 2016 06:30am EDT 

Dst Systems Inc : DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation .DST and Frost are targeting creation of two to four startup companies over next twelve months.  Full Article

DST Systems reports Q2 earnings per share $1.58
Thursday, 21 Jul 2016 06:30am EDT 

DST Systems Inc : Announces second quarter 2016 financial results . Q2 adjusted non-GAAP earnings per share $1.42 from continuing operations excluding items . Q2 revenue rose 7 percent to $373.9 million . Q2 earnings per share view $1.37 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.58 . Implemented restructuring to reduce workforce and consolidate certain facilities to enhance operational efficiency within financial services segment .Anticipates restructuring will result in annual pretax operating cost savings of approximately $22.0 to $24.0 million.  Full Article

Broadridge to acquire DST's North American customer communications business
Tuesday, 14 Jun 2016 06:20am EDT 

Broadridge Financial Solutions Inc : Says expects to achieve approximately $20 million in annualized cost synergies within 18-30 months of closing . Expects acquisition to be $0.09 to $0.13 per share accretive on a gaap basis in second year. . Gaap adjusted basis in second year from deal . Expects acquisition to be $0.11 to $0.14 per share accretive on a non-gaap adjusted basis in first year . Senior management, led by mike abbaei, head of dst's customer communications business, will be joining broadridge .Broadridge agrees to acquire dst's north american customer communications business.  Full Article

DST agrees to sell North American customer communications business for $410 mln
Tuesday, 14 Jun 2016 06:01am EDT 

Dst Systems Inc : Deal for $410.0 million . Dst estimates that pending sale of nacc business will result in after-tax proceeds of approximately $310.0 millio . To sell its north american customer communications business to broadridge financial solutions, inc . Once completed, north american transaction expected to result in reduction to dst's eps of about $1.15 on annual basis . Board of directors of dst authorized a new $300.0 million share repurchase plan. . Dst systems inc Full Article

DST Systems Inc's announces completion of Kaufman Rossin Fund Services acquisition
Wednesday, 24 Feb 2016 04:05pm EST 

DST Systems:ALPS, a DST company completed the previously announced acquisition of alternative fund service provider Kaufman Rossin Fund Services.Combined organization intends to retain the ALPS brand.Metronome Partners acted as financial advisor and Stearns Weaver Miller Weissler Alhadeff & Sitterson acted as legal counsel to KRFS on the transaction.Morrison & Foerster acted as legal counsel to DST and ALPS on the transaction.  Full Article