SS&C Technologies (NASDAQ:SSNC) Reaches New 12-Month High - What's Next?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $77.94 and last traded at $77.94, with a volume of 299 shares traded. The stock had previously closed at $76.94.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SSNC. 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 reiterated a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. Raymond James lifted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Finally, DA Davidson reissued a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

SS&C Technologies Stock Performance

The company has a market capitalization of $18.85 billion, a PE ratio of 27.28 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business's fifty day moving average is $74.89 and its two-hundred day moving average is $71.66.

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 the consensus estimate 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 firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. SS&C Technologies's payout ratio is 35.84%.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the company's stock in a transaction 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 approximately $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the firm's 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $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 have sold a total of 449,000 shares of company stock worth $34,461,478 over the last quarter. Company insiders own 15.40% of the company's stock.

Institutional Trading of SS&C Technologies

Several large investors have recently added to or reduced their stakes in SSNC. Innealta Capital LLC bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies during the second quarter valued at about $35,000. Benjamin Edwards Inc. increased its position in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after buying an additional 204 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies in the third quarter worth about $68,000. Finally, Brooklyn Investment Group purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at about $73,000. 96.95% of the stock is currently owned by institutional investors.

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.