SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $105.00 at Needham & Company LLC

SS&C Technologies (NASDAQ:SSNC - Free Report) had its price objective raised by Needham & Company LLC from $90.00 to $105.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the technology company's stock.

Several other analysts have also issued reports on SSNC. UBS Group upped 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 report 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 company from $70.00 to $94.00 in a research note on Monday, February 3rd. Raymond James boosted their price target on 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. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, DA Davidson reissued a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Buy" and an average price target of $89.50.

SS&C Technologies Stock Down 0.6 %

NASDAQ:SSNC traded down $0.56 on Friday, hitting $86.73. 1,573,789 shares of the company's stock were exchanged, compared to its average volume of 1,401,303. The firm has a 50-day moving average price of $77.90 and a 200-day moving average price of $75.22. SS&C Technologies has a 52 week low of $59.53 and a 52 week high of $87.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $21.48 billion, a P/E ratio of 28.91 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 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%. As a group, analysts expect that SS&C Technologies will post 5.26 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 annualized dividend and a yield of 1.15%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In related 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 sale, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock worth $34,461,478 in the last 90 days. Company insiders own 15.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its position in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after buying an additional 123 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.2% in the third 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. Global Retirement Partners LLC boosted its stake in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after purchasing an additional 158 shares during the last quarter. Finally, Legacy Capital Group California Inc. lifted its stake in SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company's stock valued at $228,000 after purchasing an additional 164 shares during the last quarter. 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.