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

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) have earned a consensus rating of "Buy" from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $91.86.

SSNC has been the subject of several research reports. Raymond James dropped their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Needham & Company LLC dropped their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SS&C Technologies

A number of hedge funds have recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. grew its stake in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC grew its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after acquiring an additional 292 shares during the period. Whittier Trust Co. acquired a new stake in SS&C Technologies in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new stake in SS&C Technologies in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.89 during trading hours on Wednesday, hitting $79.79. The company's stock had a trading volume of 1,135,292 shares, compared to its average volume of 1,315,040. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $19.68 billion, a P/E ratio of 26.60 and a beta of 1.24. SS&C Technologies has a twelve month low of $60.01 and a twelve month high of $89.73. The stock has a fifty day simple moving average of $78.22 and a 200-day simple moving average of $79.15.

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

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

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.