SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $92.71 Average PT from Analysts

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

A number of equities analysts have weighed in on SSNC shares. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 25th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Institutional Trading of SS&C Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in shares of SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after buying an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC raised its position in SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after purchasing an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after acquiring an additional 11,077 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $5,578,000. Finally, Swedbank AB grew its holdings in SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock worth $132,860,000 after acquiring an additional 261,275 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

SSNC traded up $0.39 during midday trading on Friday, hitting $75.99. 189,965 shares of the company traded hands, compared to its average volume of 1,272,080. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 25.30 and a beta of 1.31. The business has a 50 day simple moving average of $80.39 and a two-hundred day simple moving average of $78.54. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52-week low of $60.01 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. On average, equities analysts forecast that SS&C Technologies will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. SS&C Technologies's dividend payout ratio is currently 31.06%.

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.