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

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

Several equities analysts have recently weighed in on SSNC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Raymond James increased their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th.

SS&C Technologies Trading Up 0.3 %

SS&C Technologies stock opened at $77.10 on Wednesday. The stock has a market cap of $19.10 billion, a PE ratio of 27.63 and a beta of 1.39. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $74.13 and a 200 day moving average price of $69.52. SS&C Technologies has a 52 week low of $55.45 and a 52 week high of $77.50.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Equities research analysts predict that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insiders Place Their Bets

In related news, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

Institutional Trading of SS&C Technologies

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of SS&C Technologies by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company’s stock worth $27,909,000 after acquiring an additional 21,641 shares during the period. Tidal Investments LLC lifted its position in SS&C Technologies by 28.5% in the first quarter. Tidal Investments LLC now owns 22,975 shares of the technology company’s stock worth $1,479,000 after purchasing an additional 5,100 shares during the period. Comerica Bank boosted its stake in SS&C Technologies by 24.0% during the 1st quarter. Comerica Bank now owns 50,531 shares of the technology company’s stock valued at $3,253,000 after purchasing an additional 9,764 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of SS&C Technologies during the 1st quarter valued at $1,115,000. Finally, LRI Investments LLC bought a new stake in shares of SS&C Technologies in the 1st quarter worth $364,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company Profile

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.