SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Consensus Rating of "Moderate Buy" from Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $70.78.

Several brokerages have commented on SSNC. TheStreet upgraded SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Needham & Company LLC increased their price target on SS&C Technologies from $62.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, January 29th. UBS Group increased their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Finally, DA Davidson reiterated a "buy" rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday.

SS&C Technologies Trading Up 0.6 %

SSNC stock traded up $0.38 during mid-day trading on Tuesday, reaching $60.28. 770,191 shares of the stock traded hands, compared to its average volume of 963,371. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52-week low of $46.61 and a 52-week high of $65.86. The company has a market cap of $14.90 billion, a P/E ratio of 25.33 and a beta of 1.43. The stock's fifty day moving average is $62.90 and its 200-day moving average is $58.74.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. As a group, sell-side analysts expect that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. SS&C Technologies's dividend payout ratio is 40.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in SS&C Technologies in the first quarter worth $26,000. Headinvest LLC bought a new position in SS&C Technologies in the third quarter worth $26,000. ST Germain D J Co. Inc. bought a new position in shares of SS&C Technologies during the first quarter valued at $27,000. Harbour Investments Inc. lifted its holdings in shares of SS&C Technologies by 364.3% during the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company's stock valued at $29,000 after acquiring an additional 408 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of SS&C Technologies by 136.1% during the second quarter. IFP Advisors Inc now owns 477 shares of the technology company's stock valued at $29,000 after acquiring an additional 275 shares during the period. 96.95% of the stock is owned by institutional investors.

About SS&C Technologies

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.