SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Average Rating of "Buy" by Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has received an average rating of "Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $91.86.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Raymond James lowered their price target on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. DA Davidson reduced their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Needham & Company LLC dropped their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $79.16 on Friday. SS&C Technologies has a 52 week low of $60.27 and a 52 week high of $89.73. The company has a market cap of $19.53 billion, a PE ratio of 26.39 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm's 50-day simple moving average is $78.12 and its two-hundred day simple moving average is $79.77.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. SS&C Technologies's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Research analysts predict that SS&C Technologies will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director now owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Institutional Trading of SS&C Technologies

Several hedge funds have recently made changes to their positions in the company. Unigestion Holding SA increased its position in shares of SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after buying an additional 85,427 shares in the last quarter. Truist Financial Corp lifted its stake in shares of SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after purchasing an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of SS&C Technologies by 993.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after acquiring an additional 322,781 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $3,544,000. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of SS&C Technologies by 8.2% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 216,484 shares of the technology company's stock worth $16,405,000 after acquiring an additional 16,333 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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