SS&C Technologies (NASDAQ:SSNC) Stock Rating Upgraded by Jefferies Financial Group

SS&C Technologies (NASDAQ:SSNC) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $94.00 target price on the technology company’s stock, up from their prior target price of $70.00. Jefferies Financial Group’s price objective indicates a potential upside of 15.62% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.88.

SS&C Technologies Trading Down 0.3 %

NASDAQ:SSNC opened at $81.30 on Monday. SS&C Technologies has a 12-month low of $59.53 and a 12-month high of $82.40. The firm has a market cap of $20.14 billion, a PE ratio of 29.14 and a beta of 1.38. 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 fifty day moving average price of $77.33 and a 200 day moving average price of $74.75.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 449,000 shares of company stock worth $34,461,478 over the last 90 days. Corporate insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Several large investors have recently modified their holdings of SSNC. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at $39,000. Financial Perspectives Inc purchased a new position in SS&C Technologies during the fourth quarter worth about $51,000. CENTRAL TRUST Co acquired a new stake in SS&C Technologies in the fourth quarter valued at about $65,000. Global X Japan Co. Ltd. boosted its holdings in SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after purchasing an additional 574 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the 3rd quarter worth approximately $68,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.