DA Davidson Issues Positive Forecast for SS&C Technologies (NASDAQ:SSNC) Stock Price

SS&C Technologies (NASDAQ:SSNC - Get Free Report) had its price objective raised by equities researchers at DA Davidson from $92.00 to $102.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. DA Davidson's target price points to a potential upside of 15.07% from the stock's previous close.

SSNC has been the subject of several other reports. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Raymond James upped their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of "Buy" and an average target price of $89.50.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $0.56 during trading hours on Monday, reaching $88.65. The stock had a trading volume of 743,111 shares, compared to its average volume of 1,418,612. 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 stock has a market cap of $21.96 billion, a P/E ratio of 29.56 and a beta of 1.38. SS&C Technologies has a 12-month low of $59.63 and a 12-month high of $88.68. The stock has a 50 day simple moving average of $78.32 and a 200 day simple moving average of $75.41.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts' consensus estimates 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, research analysts forecast that SS&C Technologies will post 5.26 EPS for the current fiscal year.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the company's stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 trade 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 valued at $34,461,478 in the last quarter. Insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors have recently made changes to their positions in SSNC. Boston Partners raised its position in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the period. Norges Bank bought a new position in shares of SS&C Technologies during the fourth quarter valued at about $205,475,000. Janus Henderson Group PLC increased its holdings in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after buying an additional 817,501 shares during the period. KBC Group NV lifted its stake in shares of 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 acquiring an additional 672,641 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in SS&C Technologies during the 4th quarter valued at about $49,179,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

About SS&C Technologies

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.