SS&C Technologies (NASDAQ:SSNC) Reaches New 12-Month High – What’s Next?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s stock price hit a new 52-week high on Friday . The company traded as high as $89.25 and last traded at $88.70, with a volume of 13632 shares. The stock had previously closed at $89.13.

Analysts Set New Price Targets

SSNC has been the subject of several recent research reports. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Price Performance

The firm has a fifty day moving average price of $80.04 and a two-hundred day moving average price of $76.24. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies’s payout ratio is 33.33%.

Insider Activity

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 520,000 shares of company stock worth $40,777,638 over the last 90 days. Corporate insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the fourth quarter worth about $39,000. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 229 shares during the period. Colonial Trust Co SC lifted its holdings in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 390 shares during the period. True Wealth Design LLC raised its stake in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock worth $42,000 after buying an additional 342 shares during the period. Finally, Financial Perspectives Inc acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $51,000. 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.