SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $70.20.

SSNC has been the subject of a number of research reports. Needham & Company LLC increased their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group raised their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total value of $639,400.00. Following the sale, the director now directly owns 38,000 shares in the company, valued at approximately $2,429,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 32,500 shares of company stock worth $2,027,750. 15.40% of the stock is owned by corporate insiders.

Institutional Trading of SS&C Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SSNC. Kestra Advisory Services LLC increased its holdings in SS&C Technologies by 13.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,055 shares of the technology company’s stock valued at $318,000 after acquiring an additional 706 shares during the last quarter. Invesco Ltd. boosted its stake in shares of SS&C Technologies by 21.9% during the 3rd quarter. Invesco Ltd. now owns 430,093 shares of the technology company’s stock worth $22,597,000 after purchasing an additional 77,371 shares during the period. Treasurer of the State of North Carolina boosted its stake in shares of SS&C Technologies by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 101,211 shares of the technology company’s stock worth $5,318,000 after purchasing an additional 505 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of SS&C Technologies by 22.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 443,045 shares of the technology company’s stock worth $23,278,000 after purchasing an additional 79,896 shares during the period. Finally, Bank of Nova Scotia boosted its stake in shares of SS&C Technologies by 17.9% during the 3rd quarter. Bank of Nova Scotia now owns 5,325 shares of the technology company’s stock worth $280,000 after purchasing an additional 810 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $62.67 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average of $62.11 and a 200-day moving average of $61.94. The firm has a market cap of $15.50 billion, a P/E ratio of 24.97 and a beta of 1.37. SS&C Technologies has a 1-year low of $46.61 and a 1-year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Sell-side analysts expect that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

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.