Analysts Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Price Target at $97.50

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has been given an average rating of "Buy" by the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $97.50.

A number of equities research analysts have recently commented on the company. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group raised 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 note on Monday, February 3rd. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.

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SS&C Technologies Stock Down 6.8 %

SSNC stock traded down $5.46 during trading on Tuesday, reaching $74.52. The stock had a trading volume of 523,949 shares, compared to its average volume of 1,217,267. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 24.91 and a beta of 1.36. SS&C Technologies has a one year low of $59.63 and a one year high of $89.73. The company's 50 day moving average is $84.38 and its two-hundred day moving average is $78.46.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities research analysts forecast that SS&C Technologies will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. SS&C Technologies's payout ratio is 33.33%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on 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 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 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after acquiring an additional 123 shares during the last quarter. SkyView Investment Advisors LLC lifted 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 purchasing an additional 137 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of SS&C Technologies by 2.0% in the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after purchasing an additional 139 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after buying an additional 149 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SS&C Technologies by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after buying an additional 158 shares during the last quarter. 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.