DST Systems, Inc. was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 37.1% in the past one-month time frame.
The upside was driven by the news stating DST Systems will be acquired by SS&C Technologies Inc. for $84 per share in cash.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
DST Systems currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Computer - Software industry is Aspen Technology, Inc. (AZPN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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