SS&C Technologies Holdings, Inc. (SSNC) Receives Consensus Rating of “Buy” from Brokerages

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $66.71.

A number of brokerages recently issued reports on SSNC. Zacks Investment Research cut SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. set a $70.00 price objective on SS&C Technologies and gave the company a “buy” rating in a research note on Friday, February 15th. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $75.00 target price (up previously from $70.00) on shares of SS&C Technologies in a report on Friday, February 15th. Finally, Royal Bank of Canada lifted their target price on SS&C Technologies to $70.00 and gave the company an “outperform” rating in a report on Friday, February 15th.

In other news, CFO Patrick J. Pedonti sold 157,500 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total value of $9,357,075.00. Following the completion of the transaction, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at approximately $3,416,075. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 17.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SSNC. Prime Capital Investment Advisors LLC purchased a new stake in SS&C Technologies during the 4th quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $36,000. CWM LLC boosted its stake in shares of SS&C Technologies by 115.6% in the fourth quarter. CWM LLC now owns 873 shares of the technology company’s stock worth $39,000 after buying an additional 468 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $49,000. Finally, Csenge Advisory Group purchased a new stake in shares of SS&C Technologies in the third quarter worth about $81,000. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Shares of NASDAQ SSNC traded down $1.17 during mid-day trading on Thursday, reaching $63.23. 1,137,842 shares of the company’s stock were exchanged, compared to its average volume of 1,742,305. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.50 and a beta of 1.22. SS&C Technologies has a 52 week low of $40.96 and a 52 week high of $65.19. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 14th. The technology company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. SS&C Technologies had a return on equity of 16.27% and a net margin of 3.01%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 157.8% compared to the same quarter last year. Research analysts expect that SS&C Technologies will post 3.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 28th. SS&C Technologies’s payout ratio is presently 15.27%.

SS&C Technologies Company Profile

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.

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

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