SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Recommendation of “Moderate Buy” by Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two investment 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 1 year target price among analysts that have updated their coverage on the stock in the last year is $77.75.

A number of brokerages have weighed in on SSNC. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James lifted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 in the last three months. 15.40% of the stock is owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SSNC. Wealth Enhancement Advisory Services LLC increased its stake in shares of SS&C Technologies by 63.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company’s stock valued at $396,000 after acquiring an additional 2,453 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SS&C Technologies by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,289,558 shares of the technology company’s stock worth $80,817,000 after buying an additional 78,984 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.8% in the second quarter. Verdence Capital Advisors LLC now owns 91,629 shares of the technology company’s stock valued at $5,742,000 after buying an additional 2,489 shares during the period. Skylands Capital LLC boosted its stake in SS&C Technologies by 7.0% during the second quarter. Skylands Capital LLC now owns 72,150 shares of the technology company’s stock valued at $4,522,000 after buying an additional 4,725 shares in the last quarter. Finally, Burney Co. grew its holdings in SS&C Technologies by 1.1% during the second quarter. Burney Co. now owns 185,826 shares of the technology company’s stock worth $11,646,000 after acquiring an additional 1,953 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Down 1.1 %

Shares of NASDAQ:SSNC opened at $76.11 on Friday. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 27.28 and a beta of 1.38. The company has a 50 day moving average of $74.88 and a two-hundred day moving average of $71.76. SS&C Technologies has a 52-week low of $58.79 and a 52-week high of $77.69. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. As a group, analysts forecast that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.