SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $97.13 Consensus Target Price from Analysts

Key Points

• SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has received an average rating of "Moderate Buy" from eight brokerage firms, with a target price of $97.13.
• In their latest quarterly earnings report, SS&C reported $1.45 earnings per share, exceeding analysts' expectations of $1.39, along with revenue of $1.54 billion.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annualized rate of $1.00 and a dividend yield of 1.2%.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $97.1250.

A number of research analysts have recently weighed in on SSNC shares. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Raymond James Financial upped their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, DA Davidson upped their target price on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a report on Friday, July 25th.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director owned 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Atwood & Palmer Inc. raised its position in shares of SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Larson Financial Group LLC increased its stake in SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of SS&C Technologies during the 1st quarter valued at about $29,000. Finally, Elequin Capital LP purchased a new position in shares of SS&C Technologies during the first quarter worth about $30,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.3%

Shares of SSNC traded up $0.23 during trading hours on Monday, hitting $86.17. The stock had a trading volume of 1,254,577 shares, compared to its average volume of 1,395,424. SS&C Technologies has a 1-year low of $66.83 and a 1-year high of $89.73. The firm has a market capitalization of $21.04 billion, a P/E ratio of 27.01 and a beta of 1.25. The firm has a 50 day simple moving average of $82.34 and a 200-day simple moving average of $81.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business earned $1.27 EPS. SS&C Technologies's quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that SS&C Technologies will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. SS&C Technologies's payout ratio is 31.35%.

SS&C Technologies Company Profile

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.