Analysts Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Target Price at $92.71

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) have been given an average rating of "Buy" by the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $91.86.

A number of research firms have weighed in on SSNC. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson lowered their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday. Finally, StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded up $1.53 during midday trading on Friday, hitting $74.91. The company's stock had a trading volume of 2,206,657 shares, compared to its average volume of 1,273,457. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 24.97 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $80.93 and a 200 day moving average price of $78.59. SS&C Technologies has a one year low of $60.01 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that SS&C Technologies will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Institutional Trading of SS&C Technologies

A number of hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its position in 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 valued at $67,000 after acquiring an additional 123 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of 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 valued at $475,000 after purchasing an additional 137 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after purchasing an additional 139 shares during the last quarter. Global X Japan Co. Ltd. boosted its position in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after purchasing an additional 140 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after buying an additional 149 shares during the last quarter. 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.