SS&C Technologies (NASDAQ:SSNC) Given New $95.00 Price Target at Raymond James

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its target price increased by stock analysts at Raymond James from $85.00 to $95.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "strong-buy" rating on the technology company's stock. Raymond James' target price would suggest a potential upside of 9.69% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. DA Davidson reiterated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday. Finally, StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $89.50.

SS&C Technologies Stock Down 0.8 %

Shares of SSNC traded down $0.69 during mid-day trading on Friday, hitting $86.61. 1,668,212 shares of the company's stock were exchanged, compared to its average volume of 1,404,832. SS&C Technologies has a fifty-two week low of $59.53 and a fifty-two week high of $87.54. The stock's 50-day moving average is $77.90 and its 200-day moving average is $75.22. The company has a market cap of $21.45 billion, a price-to-earnings ratio of 28.87 and a beta of 1.38. 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 (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, sell-side analysts anticipate that SS&C Technologies will post 5.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $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 449,000 shares of company stock valued at $34,461,478 over the last 90 days. 15.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors have recently modified their holdings of SSNC. Boston Partners lifted its holdings in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Janus Henderson Group PLC raised its position in SS&C Technologies by 5.4% in the 3rd 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 last quarter. KBC Group NV raised its position in 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $49,179,000. Finally, Point72 Asset Management L.P. raised its position in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock valued at $44,058,000 after purchasing an additional 424,487 shares during the period. Institutional investors 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.