SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $77.75 Average PT from Brokerages

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $77.75.

SSNC has been the topic of a number of analyst reports. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Raymond James raised their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th.

SS&C Technologies Stock Down 0.0 %

SS&C Technologies stock opened at $77.34 on Wednesday. The firm has a 50 day moving average price of $74.26 and a 200-day moving average price of $69.87. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a twelve month low of $55.63 and a twelve month high of $77.69. The company has a market capitalization of $19.16 billion, a P/E ratio of 27.72 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies’s payout ratio is presently 35.84%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now owns 333,576 shares in the company, valued at $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,000 shares of company stock worth $16,560,660. 15.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SS&C Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in SS&C Technologies in the 2nd quarter worth about $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of SS&C Technologies in the second quarter worth approximately $35,000. Benjamin Edwards Inc. grew its holdings in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after buying an additional 204 shares during the last quarter. Versant Capital Management Inc increased its position in shares of SS&C Technologies by 6,300.0% during the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after acquiring an additional 693 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in SS&C Technologies in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.