Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $77.75.
A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Raymond James boosted their target price 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. DA Davidson reaffirmed a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.
View Our Latest Stock Report on SSNC
Insider Activity
Hedge Funds Weigh In On SS&C Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in SSNC. American Century Companies Inc. boosted its position in SS&C Technologies by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 16,245 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 1,460 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of SS&C Technologies by 1.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 59,035 shares of the technology company’s stock valued at $3,670,000 after purchasing an additional 570 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in SS&C Technologies by 0.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 156,998 shares of the technology company’s stock worth $9,839,000 after purchasing an additional 797 shares during the period. Dimensional Fund Advisors LP grew its position in SS&C Technologies by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock valued at $168,995,000 after buying an additional 349,911 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in SS&C Technologies by 1.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,470 shares of the technology company’s stock valued at $1,158,000 after buying an additional 238 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.
SS&C Technologies Stock Performance
SS&C Technologies stock opened at $78.41 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s fifty day moving average price is $75.73 and its 200 day moving average price is $73.07. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 28.10 and a beta of 1.37. SS&C Technologies has a 12-month low of $59.18 and a 12-month high of $78.55.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that SS&C Technologies will post 4.62 EPS for the current fiscal year.
SS&C Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. SS&C Technologies’s dividend payout ratio is currently 35.84%.
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.
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