SS&C Technologies (NASDAQ:SSNC) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• SS&C Technologies shares rose above their 50-day moving average, trading near $81.55 versus the $81.34 average, while the 200-day average stood at $74.36.
• Analysts remain broadly optimistic: the stock has a “Moderate Buy” consensus rating and an average price target of $96.57, with several firms recently raising targets to between $101 and $105.
• Recent results were slightly ahead of expectations, with quarterly EPS of $1.78 and revenue of $1.69 billion, while year-over-year revenue grew 7.7%. The company also increased its quarterly dividend to $0.30, providing a 1.5% annualized yield.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $81.34 and traded as high as $81.81. SS&C Technologies shares last traded at $81.55, with a volume of 1,549,216 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SSNC. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Royal Bank Of Canada boosted their price objective on SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Weiss Ratings raised SS&C Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. UBS Group reissued a "buy" rating on shares of SS&C Technologies in a research note on Friday, October 23rd. Finally, DA Davidson raised their target price on SS&C Technologies from $96.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.57.

SS&C Technologies Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $19.14 billion, a P/E ratio of 23.43 and a beta of 1.09. The company's 50 day moving average price is $81.34 and its 200-day moving average price is $74.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm earned $1.57 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.30 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. SS&C Technologies's dividend payout ratio (DPR) is 34.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CenterBook Partners LP increased its stake in SS&C Technologies by 357.3% in the 3rd quarter. CenterBook Partners LP now owns 16,485 shares of the technology company's stock worth $1,270,000 after purchasing an additional 12,880 shares during the period. Heritage Family Offices LLP purchased a new stake in shares of SS&C Technologies during the third quarter valued at approximately $92,000. Kestra Advisory Services LLC boosted its stake in shares of SS&C Technologies by 28.3% during the third quarter. Kestra Advisory Services LLC now owns 6,661 shares of the technology company's stock valued at $513,000 after purchasing an additional 1,471 shares during the period. Quadcap Wealth Management LLC bought a new position in shares of SS&C Technologies in the third quarter worth approximately $208,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of SS&C Technologies by 141.8% in the third quarter. Commonwealth Equity Services LLC now owns 46,495 shares of the technology company's stock worth $3,583,000 after purchasing an additional 27,265 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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