SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Jonathan E. Michael Acquires 2,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Jonathan E. Michael acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $48.11 per share, with a total value of $96,220.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of SSNC traded down $1.79 during trading hours on Monday, reaching $43.69. 3,584,150 shares of the company’s stock traded hands, compared to its average volume of 1,692,496. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies Holdings, Inc. has a twelve month low of $40.96 and a twelve month high of $67.73. The stock has a fifty day simple moving average of $57.41.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. SS&C Technologies had a return on equity of 19.13% and a net margin of 7.22%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in SS&C Technologies by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 264,784 shares of the technology company’s stock worth $15,254,000 after purchasing an additional 3,074 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in SS&C Technologies by 2.0% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 178,406 shares of the technology company’s stock worth $10,278,000 after purchasing an additional 3,500 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in SS&C Technologies in the 2nd quarter worth about $53,000. K.J. Harrison & Partners Inc increased its stake in SS&C Technologies by 21.0% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 34,000 shares of the technology company’s stock worth $1,959,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in SS&C Technologies by 11.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 11,435 shares of the technology company’s stock worth $658,000 after acquiring an additional 1,181 shares during the period. 83.20% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on SSNC shares. BidaskClub cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a research note on Monday, July 1st. Needham & Company LLC cut their target price on SS&C Technologies to $65.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. Zacks Investment Research cut SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Jefferies Financial Group cut SS&C Technologies from a “buy” rating to a “hold” rating and raised their target price for the company from $58.00 to $64.00 in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.00.

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.

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