SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $95.00

SS&C Technologies (NASDAQ:SSNC) had its price target upped by Raymond James from $85.00 to $95.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a strong-buy rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $88.25.

SS&C Technologies Trading Up 6.0 %

SSNC opened at $86.71 on Friday. The stock has a market capitalization of $21.48 billion, a PE ratio of 28.90 and a beta of 1.38. The firm’s fifty day moving average price is $77.69 and its 200 day moving average price is $75.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies has a 12-month low of $59.53 and a 12-month high of $87.50.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, research analysts expect that SS&C Technologies will post 5.26 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 6,412 shares in the company, 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. Over the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. Corporate insiders own 15.40% of the company’s stock.

Institutional Trading of SS&C Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new stake in SS&C Technologies in the 4th quarter valued at $39,000. Parkside Financial Bank & Trust boosted its holdings in shares of SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in SS&C Technologies during the 4th quarter valued at $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

About SS&C Technologies

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.