SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.75.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, 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 research report on Friday, October 25th.

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in SS&C Technologies by 111.4% during the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company’s stock worth $6,523,000 after buying an additional 46,323 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SS&C Technologies in the third quarter worth approximately $2,326,000. Sanctuary Advisors LLC raised its position in shares of SS&C Technologies by 7.4% in the third quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company’s stock valued at $2,541,000 after buying an additional 2,287 shares during the last quarter. Boyar Asset Management Inc. purchased a new position in SS&C Technologies in the 3rd quarter worth approximately $1,334,000. Finally, SkyView Investment Advisors LLC boosted its stake in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

SSNC opened at $76.94 on Friday. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 27.58 and a beta of 1.38. SS&C Technologies has a 1 year low of $58.79 and a 1 year high of $77.69. 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 stock’s 50 day simple moving average is $74.89 and its 200 day simple moving average is $71.66.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data 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 net margin of 12.26% and a return on equity of 17.33%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $1.04 earnings per share. SS&C Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts predict that SS&C Technologies will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

SS&C Technologies Company Profile

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.