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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Consensus Rating of "Buy" from Brokerages

Last updated on Wednesday, January 20, 2021 | 2021 MarketBeat

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been given a consensus rating of "Buy" by the seventeen brokerages that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $72.00.

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on SS&C Technologies from $73.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, October 29th. Needham & Company LLC boosted their target price on SS&C Technologies from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Morgan Stanley boosted their target price on SS&C Technologies from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, October 30th. JPMorgan Chase & Co. lowered SS&C Technologies from an "overweight" rating to a "neutral" rating and set a $78.00 target price for the company. in a research note on Wednesday, December 9th. Finally, Northern Trust Capital Markets assumed coverage on SS&C Technologies in a research note on Friday, December 18th. They issued a "hold" rating and a $77.00 target price for the company.

Several hedge funds have recently bought and sold shares of the business. Seeyond grew its holdings in shares of SS&C Technologies by 2.0% during the 3rd quarter. Seeyond now owns 9,500 shares of the technology company's stock worth $575,000 after acquiring an additional 187 shares during the period. CIBC Asset Management Inc grew its holdings in shares of SS&C Technologies by 2.5% during the 3rd quarter. CIBC Asset Management Inc now owns 9,488 shares of the technology company's stock worth $574,000 after acquiring an additional 235 shares during the period. Cascade Investment Advisors Inc. grew its holdings in shares of SS&C Technologies by 1.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 16,630 shares of the technology company's stock worth $1,006,000 after acquiring an additional 250 shares during the period. Groesbeck Investment Management Corp NJ grew its holdings in shares of SS&C Technologies by 3.3% during the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 15,743 shares of the technology company's stock worth $953,000 after acquiring an additional 500 shares during the period. Finally, Carret Asset Management LLC grew its holdings in shares of SS&C Technologies by 9.2% during the 3rd quarter. Carret Asset Management LLC now owns 6,065 shares of the technology company's stock worth $367,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 80.14% of the company's stock.

SSNC stock traded up $2.11 during mid-day trading on Wednesday, hitting $69.11. 1,502,108 shares of the stock were exchanged, compared to its average volume of 1,113,011. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $70.90 and a 200 day moving average price of $64.15. SS&C Technologies has a 12 month low of $29.51 and a 12 month high of $74.00. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 32.14 and a beta of 1.56.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.11. SS&C Technologies had a return on equity of 20.42% and a net margin of 12.20%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities analysts forecast that SS&C Technologies will post 3.99 EPS for the current fiscal year.

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-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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