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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has been assigned a consensus rating of "Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $89.50.

Several research firms recently issued reports on SSNC. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James upped their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Finally, UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd.

SS&C Technologies Trading Up 0.6 %

Shares of SS&C Technologies stock traded up $0.49 during trading hours on Monday, hitting $88.58. The company's stock had a trading volume of 1,168,938 shares, compared to its average volume of 1,435,170. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. SS&C Technologies has a twelve month low of $59.63 and a twelve month high of $88.80. The firm has a fifty day moving average of $78.57 and a 200-day moving average of $75.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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%. Research analysts forecast that SS&C Technologies will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred 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 directly owns 31,837,926 shares of the company's stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. 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 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock valued at $34,461,478 in the last three months. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of SS&C Technologies

A number of hedge funds have recently added to or reduced their stakes in SSNC. Boston Partners lifted its position in SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after acquiring an additional 3,901,227 shares during the period. Norges Bank acquired a new stake in SS&C Technologies during the 4th quarter worth approximately $205,475,000. Janus Henderson Group PLC lifted its position in SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the period. KBC Group NV lifted its holdings in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after buying an additional 672,641 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $49,179,000. 96.95% of the stock is owned by institutional investors and hedge funds.

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.