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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $77.75.

SSNC has been the topic of a number of recent research reports. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. 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 raised their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Finally, DA Davidson restated a "buy" rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 in the last three months. Insiders own 15.40% of the company's stock.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in SS&C Technologies by 111.4% in the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company's stock worth $6,523,000 after purchasing an additional 46,323 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in SS&C Technologies during the third quarter valued at approximately $2,326,000. Sanctuary Advisors LLC increased its holdings in SS&C Technologies by 7.4% during the third quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company's stock valued at $2,541,000 after buying an additional 2,287 shares during the last quarter. Boyar Asset Management Inc. bought a new position in SS&C Technologies in the third quarter worth approximately $1,334,000. Finally, SkyView Investment Advisors LLC boosted its stake in shares of SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after acquiring an additional 137 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of SSNC traded up $1.55 during trading hours on Friday, reaching $75.82. 2,986,522 shares of the company's stock traded hands, compared to its average volume of 1,101,477. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 12 month low of $58.79 and a 12 month high of $77.69. The stock has a market cap of $18.78 billion, a PE ratio of 27.18 and a beta of 1.38. The firm's 50 day simple moving average is $74.87 and its 200-day simple moving average is $71.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The firm 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%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 EPS. Equities analysts expect that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.32%. SS&C Technologies's dividend payout ratio (DPR) is presently 35.84%.

SS&C Technologies Company Profile

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.