SS&C Technologies (NASDAQ:SSNC) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of SS&C Technologies (NASDAQ:SSNC) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

SSNC has been the topic of a number of other reports. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group raised their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James upped their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $89.50.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $87.29 on Monday. The company’s 50 day simple moving average is $77.90 and its 200-day simple moving average is $75.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies has a 1 year low of $59.53 and a 1 year high of $87.50. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of 29.10 and a beta of 1.38.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust increased its holdings in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $64,000. Finally, CENTRAL TRUST Co purchased a new position in SS&C Technologies in the 4th quarter valued at $65,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

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.