QUOTE AND NEWS
Market Intelligence Center  Sep 10  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on DST Systems Inc. (DST). Look at the Nov. '14 $90.00 covered call for a net debit in the $86.94 area. This trade has a duration of...
Forbes  Aug 15  Comment 
Looking back to 99 days ago, DST Systems Inc. (NYSE: DST) priced a 5,357,200 share secondary stock offering at $84.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up...
Market Intelligence Center  Aug 7  Comment 
After closing Wednesday at $90.27, DST Systems Inc. (DST) presents an attractive opportunity to get a 4.08% return in just 107 days, which is an annualized return of 13.93% (for comparison purposes only). To enter this trade, sell one Nov. '14...
SeekingAlpha  Jul 24  Comment 
DST Systems (NYSE:DST) Q2 2014 Earnings Call July 24, 2014 8:30 am ET Executives Stephen C. Hooley - Chief Executive Officer, President, Director and Member of Proxy Committee Gregg William Givens - Chief Financial Officer, Principal...
newratings.com  Jul 24  Comment 
WASHINGTON (dpa-AFX) - DST Systems, Inc. (DST) Thursday announced an increase in its second-quarter reported net income to $137.8 million or $3.34 per share from $78.5 million or $1.77 per share last year. On an adjusted basis, the group...
Benzinga  Jun 9  Comment 
In a report published Monday, Bank of America analyst David Ridley-Lane initiated coverage on DST Systems (NYSE: DST) with a Buy rating and $102.00 price target. In the report, Bank of America noted, β€œDST Systems provides information...
Market Intelligence Center  May 29  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with DST Systems Inc. (DST) that should provide a 2.47% return in just 51 days. Sell one Jul. '14 call at the $90.00 level for each 100 shares of...
SeekingAlpha  Apr 24  Comment 
DST Systems (DST) Q1 2014 Earnings Call April 24, 2014 8:30 am ET Executives Stephen C. Hooley - Chief Executive Officer, President, Director and Member of Proxy Committee Gregg William Givens - Chief Financial Officer, Principal...
newratings.com  Mar 24  Comment 
WASHINGTON (dpa-AFX) - DST Systems, Inc. (DST) announced it has entered into an agreement with the Argyros Family Trust, together with certain affiliates in connection with the 2014 Annual Meeting of shareholders. DST will nominate Lynn Dorsey...
StreetInsider.com  Mar 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Evercore+Partners+Upgrades+DST+Systems+%28DST%29+to+Overweight/9247304.html for the full story.




RELATED WIKI ARTICLES
 

DST Systems (NYSE:DST) manages records and handles bulk communication tasks for clients in the insurance, finance, and healthcare industries. DST operates in two segments: Financial Services and Output Solutions, which accounted, respectively, for 67% and 33% of operating revenues in 2007.[1] One of DST's strongest areas is in the mutual fund processing market, where it essentially acts a the liaison between mutual funds and their investors, providing everything from investor relations services to disbursing dividend payments to investors. In 2007, mutual fund-related revenues accounted for 45.7% of DST's $2.3 billion in total revenues.[2] DST's operations are spread throughout Australia, Brazil, Canada, Hong Kong, New Zealand, Singapore, South Africa, Thailand, the United Kingdom, and the U.S., with the U.S. generating nearly 90% of its total revenue.

Business

DST currently operates through two principal segments - Financial Services and Output Solutions. In addition, DST's investments in equity securities and other financial interests, along with its real estate subsidiaries, constitute the Investments and Other segment (3.7% of operating revenue and 7.5% of operating income in fiscal 2007). This includes approximately 11.3 million shares of State Street Corporation, 29.6 million shares of Computershare, and 1.9 million shares of Euronet Worldwide, Inc., with a market value of approximately $1.4 billion as of September 30, 2007.

Below is just a sample of some of their service offerings for the financial and healthcare industries (their main customers):

  • Business Process Management
  • Business Process Outsourcing
  • Annuity and Mail processing for the Insurance Industry
  • Integrated print and electronic communications solutions
  • International Asset Management and & Portfolio Accounting
  • U.S. Mutual Fund Shareholder Recordkeeping
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2007 operating revenue (before eliminations) by segment, in millions USD[3]
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The Financial Services segment (66.9% of operating revenue and 83.4% of operating income) offers information processing and computer software services to mutual funds, investment managers, corporations, insurance companies, banks, brokers, and financial planners. Its software systems primarily provide account record keeping services and accounting for mutual funds. This segment currently includes Health Plans Solutions acquired from CSC (now known as DST Health Solutions) in April 2005 and Amisys Synertech, Inc. (now merged with DST Health Solutions) acquired in October 2006. The Financial Services segment included EquiServe, DST's wholly-owned subsidiary, until June 17, 2005, at which time EquiServe was sold to Computershare. Prior to the sale, EquiServe was one of the nation's largest corporate shareholder service providers, maintaining and servicing the records of 18 million registered shareholder accounts for more than 1,200 publicly traded companies and closed-end funds.

This segment also included the lock/line business, which was merged with a privately-held company Asurion. In July 2007, DST cut its Asurion stake from 37.4% of the combined firm by selling all but 6% of its stake to certain private equity firms and will no longer account for its investment in Asurion under the equity method of accounting. Lock/line business provided administrative services to support insurance programs for wireless communication devices, extended warranty programs for landline telephone and consumer equipment, and event-based debt protection programs.

DST is the largest provider of customized services for wireless equipment replacement programs in the U.S. The Financial Services segment derives part of its income from its pro rata share in the earnings (losses) of certain unconsolidated affiliates, primarily BFDS, IFDS U.K., IFDS Canada, Asurion, and Argus.

The Output Solutions segment (32.7% of operating revenue and 9.1% operating income) offers customizable bill and statement processing services. The company offers these services in connection with other products/services provided in its Financial Services segment.




References

  1. ↑ DST 2007 10-K, Part 2, Item 7: Management's Discussion, page 59
  2. ↑ DST 2007 10-K, Part 1, Item 1: Business, page 7
  3. ↑ DST 2007 10-K, Part 2, Item 7: Management's Discussion, page 59
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