SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $96.12 Average PT from Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $94.1250.

SSNC has been the subject of several recent research reports. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a report on Wednesday, July 15th. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. UBS Group increased their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Morgan Stanley dropped their price objective on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Finally, Jefferies Financial Group reduced their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday.

Insiders Place Their Bets

In related news, Director Jonathan E. Michael sold 2,740 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the sale, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of SS&C Technologies stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.68, for a total value of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,740 shares of company stock valued at $583,576. Insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Teacher Retirement System of Texas lifted its stake in shares of SS&C Technologies by 374.3% during the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after buying an additional 108,746 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in SS&C Technologies by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after acquiring an additional 16,278 shares during the period. Kepler Cheuvreux Suisse SA grew its stake in SS&C Technologies by 29.4% in the 4th quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock worth $10,645,000 after acquiring an additional 27,686 shares during the period. Assenagon Asset Management S.A. raised its holdings in SS&C Technologies by 245.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 46,397 shares of the technology company’s stock valued at $4,056,000 after acquiring an additional 32,963 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its holdings in SS&C Technologies by 8.0% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 295,413 shares of the technology company’s stock valued at $25,341,000 after acquiring an additional 21,950 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 1.3%

SSNC opened at $67.02 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 20.75 and a beta of 1.11. SS&C Technologies has a one year low of $61.40 and a one year high of $91.07. The business’s fifty day moving average is $66.75 and its two-hundred day moving average is $71.76.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. SS&C Technologies had a return on equity of 20.15% and a net margin of 12.65%.The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts anticipate that SS&C Technologies will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 1.6%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.44%.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.