Brokerages Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Price Target at $67.67

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $67.67.

Several equities research analysts have weighed in on SSNC shares. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. ValuEngine lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. DA Davidson lowered shares of SS&C Technologies from a “buy” rating to a “neutral” rating in a report on Tuesday, July 30th. Needham & Company LLC cut their target price on shares of SS&C Technologies to $65.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a report on Monday, July 1st.

In related news, Director Jonathan E. Michael acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $48.11 per share, for a total transaction of $96,220.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of SS&C Technologies by 12.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock worth $1,782,000 after acquiring an additional 3,327 shares during the period. Foresters Investment Management Company Inc. raised its holdings in shares of SS&C Technologies by 0.3% during the second quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock worth $15,244,000 after acquiring an additional 750 shares during the period. TD Asset Management Inc. raised its holdings in shares of SS&C Technologies by 3.1% during the second quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock worth $10,392,000 after acquiring an additional 5,346 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of SS&C Technologies by 16.6% during the first quarter. CIBC Private Wealth Group LLC now owns 1,706,665 shares of the technology company’s stock worth $108,698,000 after acquiring an additional 242,951 shares during the period. Finally, Autus Asset Management LLC raised its holdings in shares of SS&C Technologies by 17.3% during the second quarter. Autus Asset Management LLC now owns 68,099 shares of the technology company’s stock worth $3,924,000 after acquiring an additional 10,036 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

SSNC stock traded down $1.47 during midday trading on Thursday, reaching $50.10. The company’s stock had a trading volume of 1,467,059 shares, compared to its average volume of 1,747,579. SS&C Technologies has a 52 week low of $40.96 and a 52 week high of $67.73. The stock has a market cap of $13.09 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.68. The business’s 50-day simple moving average is $48.08 and its 200-day simple moving average is $56.33.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Monday, July 29th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. SS&C Technologies had a net margin of 7.22% and a return on equity of 18.78%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, equities analysts forecast that SS&C Technologies will post 3.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.80%. SS&C Technologies’s dividend payout ratio (DPR) is presently 15.27%.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

Featured Article: What does a dividend yield signify to investors?

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.