SS&C Technologies (NASDAQ:SSNC) Sets New 12-Month High on Analyst Upgrade

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday after StockNews.com upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $87.54 and last traded at $87.22, with a volume of 110058 shares changing hands. The stock had previously closed at $87.29.

Several other brokerages have also commented 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 raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. DA Davidson increased their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $89.50.

Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William C. Stone sold 247,300 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Capital Analysts LLC lifted its position in shares of SS&C Technologies by 5.0% in the 4th quarter. Capital Analysts LLC now owns 48,014 shares of the technology company's stock worth $3,638,000 after buying an additional 2,306 shares during the last quarter. Snyder Capital Management L P increased its holdings in shares of SS&C Technologies by 6.9% in the 4th quarter. Snyder Capital Management L P now owns 1,713,013 shares of the technology company's stock worth $129,812,000 after acquiring an additional 110,153 shares during the period. Hancock Whitney Corp acquired a new stake in shares of SS&C Technologies in the 4th quarter worth about $336,000. Integrated Wealth Concepts LLC increased its stake in SS&C Technologies by 24.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 7,865 shares of the technology company's stock valued at $596,000 after buying an additional 1,539 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in SS&C Technologies by 0.6% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 206,646 shares of the technology company's stock valued at $15,660,000 after buying an additional 1,281 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 29.60 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. The company's 50 day simple moving average is $78.57 and its 200 day simple moving average is $75.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its 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 net margin of 12.93% and a return on equity of 18.30%. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies's payout ratio is 33.33%.

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.