SS&C Technologies Holdings, Inc. (SSNC) Receives $51.63 Average Target Price from Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $51.29.

Several research firms recently commented on SSNC. Zacks Investment Research cut SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub cut SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. UBS Group boosted their target price on SS&C Technologies from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, William Blair cut SS&C Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $49.73, for a total transaction of $994,600.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $994,600. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 17.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of SS&C Technologies by 81.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,152 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at about $124,000. American International Group Inc. purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at about $164,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at about $268,000. Finally, PEAK6 Investments L.P. lifted its holdings in shares of SS&C Technologies by 177.1% in the 3rd quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock valued at $277,000 after purchasing an additional 15,875 shares during the last quarter. 85.17% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies (NASDAQ:SSNC) traded up $0.91 on Wednesday, reaching $52.49. The company had a trading volume of 1,070,000 shares, compared to its average volume of 1,340,000. SS&C Technologies has a 1 year low of $34.75 and a 1 year high of $52.49. The firm has a market cap of $10,810.00, a PE ratio of 46.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.81 and a quick ratio of 0.96.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 15th. The technology company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. SS&C Technologies had a return on equity of 15.39% and a net margin of 19.63%. The firm had revenue of $439.40 million during the quarter, compared to analysts’ expectations of $433.44 million. During the same period in the previous year, the firm posted $0.46 EPS. SS&C Technologies’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts anticipate that SS&C Technologies will post 2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. SS&C Technologies’s dividend payout ratio is currently 24.56%.

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SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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