Profile: DST Systems Inc (DST.N)
16 Feb 2018
DST Systems, Inc. (DST), incorporated on February 23, 1983, is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets. The Company operates through two segments: Financial Services and Healthcare Services. Its investments in equity securities, private equity investments, real estate and certain financial interests are aggregated into an Investments and Other segment.
Financial Services Segment
Through the Financial Services segment, DST provides investor, investment, advisor/intermediary and asset distribution services to companies within the financial services industry. It provides its customers information processing solutions, such as tracking of purchases, redemptions, exchanges and transfers of shares; maintaining investor identification and ownership records; reconciling cash and share activity; processing dividends; reporting sales; performing tax and other compliance functions, and providing information for printing of investor trade confirmations, statements and year-end tax forms. Services are provided either under a software as a service (SaaS) model or on a business process outsourcing (BPO) basis either directly by DST or through Boston Financial Data Services, Inc. (BFDS), the Company's domestic joint venture with State Street Corporation (State Street) utilizing its software applications, including TA 2000 and TRAC systems. The Company's BPO service offerings include AWD, its workflow software, which is also licensed separately to third parties.
In the United States, the Company provides services to mutual funds, brokerage firms, retirement plans and alternative investment funds, such as real estate investment trusts. In Australia and the United Kingdom, DST licenses software solutions to funds and fund managers performing participant accounting and recordkeeping for the wealth management and retirement savings market. The Company also provides investor services on a SaaS and BPO basis internationally (the United Kingdom, Canada, Ireland and Luxembourg) solely through International Financial Data Services, U.K. (IFDS U.K.) and International Financial Data Services, L.P. (IFDS L.P.), which are joint ventures with State Street.
The Company delivers a suite of asset servicing, distribution solutions and asset management for open-end mutual funds, closed-end funds, exchange-traded funds and alternative investment funds. The Company provides compliance, creative services, medallion distribution, fund administration, fund accounting, legal, tax administration, transfer agency and asset management services. Its distribution services range from consulting to active wholesaling and marketing, including closed-end funds initial public offering (IPO) launch platform services. It serves as the asset manager to open-end mutual funds, closed-end funds and exchange-traded funds through active management and through the utilization of sub-advisors and index providers. Additionally, it offers data analytics and consulting services in both the United States and the United Kingdom.
Healthcare Services Segment
The Healthcare Services segment uses the Company's software applications to provide healthcare organizations a range of medical and pharmacy benefit solutions to aid their information processing, quality of care, cost management and payment integrity needs. Its healthcare solutions include claims adjudication, benefit management, care management, business intelligence and other ancillary services. DST offers pharmacy claim solutions. Its pharmacy solutions provider, Argus Health Systems, Inc. (Argus), uses the Company's software applications to provide pharmacy health management solutions supporting commercial, Medicaid and Medicare Part D plans. These services include pharmacy and member reimbursements, call center, pharmacy network management, clinical programs and information services, member correspondence and rebate processing. RxNova, DST's claims processing system, is a system for the administration of pharmacy benefits, prescription claims adjudication, eligibility, pharmacy management and related activities. The Company's pharmacy claims processing services and pharmacy health management solutions customers primarily consist of managed care organizations.
The Company offers medical claim administration services, and health plan compliance and revenue integrity services for payers and providers in the domestic healthcare industry. Healthcare administration services are offered on a software license, Remote and BPO basis. It also provides health outcomes optimization solutions through the use of its integrated care management and population health analytics applications and professional services for health plans and providers in the domestic healthcare industry. Its professional services include business and industry consulting, risk adjustment, compliance and regulatory consulting, behaviorally based interventions, healthcare quality incentive management, medical management (disease, care, and utilization), managed information technology, software engineering, operations process engineering and management consulting.
DST Systems Inc
333 W 11th St Fl 5
KANSAS CITY MO 64105-1628
Company Web Links
- BRIEF-DST Systems Reports Q4 EPS Of $1.34
- SS&C boosts banking software heft with $5.4 billion DST deal
- UPDATE 3-SS&C boosts banking software heft with $5.4 bln DST deal
- BRIEF-DST Systems To Pay SS&C Technologies Termination Fee Of $165 Mln, If Deal Terminated Under Some Circumstances,
- Software maker SS&C to buy DST Systems in $5.4 bln deal