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

SS&C Technologies logo with Computer and Technology background

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.75.

Several analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. DA Davidson reaffirmed a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th.

View Our Latest Report on SS&C Technologies

SS&C Technologies Stock Up 0.9 %

Shares of NASDAQ SSNC traded up $0.69 during trading on Thursday, hitting $79.10. 1,222,683 shares of the company traded hands, compared to its average volume of 1,194,558. 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 business's fifty day moving average is $75.90 and its 200 day moving average is $73.15. The firm has a market capitalization of $19.59 billion, a price-to-earnings ratio of 28.35 and a beta of 1.37. SS&C Technologies has a fifty-two week low of $59.18 and a fifty-two week high of $79.27.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. SS&C Technologies's payout ratio is presently 35.84%.

Insider Activity

In related news, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. 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 over the last three months. Corporate insiders own 15.40% of the company's stock.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after buying an additional 817,501 shares during the period. State Street Corp increased its holdings in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 4.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock valued at $309,739,000 after acquiring an additional 201,632 shares during the period. FMR LLC lifted its holdings in SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock valued at $295,657,000 after purchasing an additional 58,389 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock worth $268,075,000 after purchasing an additional 64,299 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Company Profile

(Get Free Report

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.

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Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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