DA Davidson Cuts SS&C Technologies (NASDAQ:SSNC) Price Target to $100.00

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its price target dropped by investment analysts at DA Davidson from $102.00 to $100.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. DA Davidson's price objective suggests a potential upside of 33.00% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group upped 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. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $97.17.

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SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $1.67 during trading on Friday, hitting $75.19. 503,374 shares of the company's stock were exchanged, compared to its average volume of 1,240,812. 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 52-week low of $59.63 and a 52-week high of $89.73. The business's 50-day simple moving average is $83.24 and its 200 day simple moving average is $78.47. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 25.06 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts predict that SS&C Technologies will post 5.35 EPS for the current year.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company 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 modified their holdings of SSNC. Atwood & Palmer Inc. increased its position in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth about $39,000. Parkside Financial Bank & Trust raised its holdings in SS&C Technologies by 76.1% in the 4th 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 last quarter. Colonial Trust Co SC grew its holdings in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the period. Finally, True Wealth Design LLC lifted its position in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors 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.