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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $77.75.

A number of analysts recently issued reports on SSNC shares. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. DA Davidson reissued a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James raised their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Finally, StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th.

SS&C Technologies Price Performance

Shares of SSNC traded up $0.47 during trading hours on Friday, hitting $70.40. 1,637,654 shares of the company were exchanged, compared to its average volume of 1,471,942. The company has a market capitalization of $17.44 billion, a PE ratio of 25.23 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $74.07 and a 200-day simple moving average of $68.01. SS&C Technologies has a one year low of $49.51 and a one year high of $77.02.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, sell-side analysts predict that SS&C Technologies will post 4.62 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from SS&C Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

SS&C Technologies announced that its board has authorized a share repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the sale, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at approximately $4,215,359.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Rahul Kanwar sold 412,190 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at $4,215,359.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 609,690 shares of company stock valued at $44,821,055. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SS&C Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of SS&C Technologies by 0.3% in the 1st quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company's stock valued at $934,595,000 after buying an additional 46,211 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of SS&C Technologies by 0.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company's stock worth $488,746,000 after buying an additional 53,080 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of SS&C Technologies by 4.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock worth $309,739,000 after buying an additional 201,632 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of SS&C Technologies by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company's stock worth $248,485,000 after buying an additional 25,183 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of SS&C Technologies by 49.2% in the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock valued at $213,070,000 after purchasing an additional 1,120,961 shares during the period. Institutional investors own 96.95% of the company's stock.

About SS&C Technologies

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.