SS&C Technologies (NASDAQ:SSNC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of SS&C Technologies (NASDAQ:SSNC - Free Report) from a buy rating to a strong-buy rating in a research note released on Monday morning.

Several other brokerages also recently weighed in on SSNC. UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC boosted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $89.50.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $0.05 during trading on Monday, hitting $88.63. 748,778 shares of the company were exchanged, compared to its average volume of 1,409,949. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a fifty-two week low of $59.63 and a fifty-two week high of $89.25. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 29.54 and a beta of 1.38. The firm has a 50 day moving average price of $78.57 and a 200 day moving average price of $75.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that SS&C Technologies will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction dated 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 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. In the last three months, insiders sold 449,000 shares of company stock valued at $34,461,478. Company insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

Institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust raised its stake in shares of SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $65,000. 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.