SS&C Technologies' (SSNC) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of SS&C Technologies (NASDAQ:SSNC - Free Report) in a research note published on Friday morning, Marketbeat.com reports. The brokerage currently has a $86.00 price objective on the technology company's stock, down from their prior price objective of $90.00.

Other analysts have also recently issued reports about the stock. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada raised 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. Finally, Raymond James boosted their price target on shares of 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 investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

Shares of SSNC traded up $0.69 during trading hours on Friday, reaching $73.38. 1,867,751 shares of the company's stock traded hands, compared to its average volume of 1,269,429. The business's fifty day simple moving average is $80.93 and its two-hundred day simple moving average is $78.59. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 24.46 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies has a twelve month low of $60.01 and a twelve month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. Analysts predict that SS&C Technologies will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's payout ratio is presently 31.06%.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently bought and sold shares of SSNC. Atwood & Palmer Inc. raised its holdings in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies during the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust increased its position in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Colonial Trust Co SC lifted its stake in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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.