SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Average Recommendation of "Buy" from Brokerages

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

A number of equities analysts have commented on SSNC shares. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th.

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SS&C Technologies Stock Down 3.5 %

Shares of SS&C Technologies stock traded down $2.98 during trading on Friday, reaching $82.88. The company had a trading volume of 2,247,530 shares, compared to its average volume of 1,481,562. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The firm's fifty day moving average is $82.37 and its 200-day moving average is $77.39. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 27.63 and a beta of 1.36.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In other news, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The stock was 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 owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,700 shares of company stock valued at $18,547,125 in the last quarter. Insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently made changes to their positions in SSNC. Kestra Investment Management LLC acquired a new stake in SS&C Technologies during the 4th quarter valued at $39,000. Parkside Financial Bank & Trust raised its position in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the period. Colonial Trust Co SC lifted its stake in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares in the last quarter. True Wealth Design LLC grew its stake in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after acquiring an additional 342 shares in the last quarter. Finally, Financial Perspectives Inc acquired a new position in shares of SS&C Technologies in the 4th quarter valued at about $51,000. Institutional investors and hedge funds 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.