Brokerages Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Target Price at $91.86

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

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

Insider Activity

In related news, Director Jonathan E. Michael acquired 2,700 shares of the firm's 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 purchase, the director owned 72,776 shares of the company's stock, valued at $5,496,771.28. This represents a 3.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the transaction, the director owned 12,476 shares of the company's stock, valued at $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On SS&C Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its position in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after acquiring an additional 123 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of SS&C Technologies by 0.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company's stock worth $3,582,000 after acquiring an additional 130 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of SS&C Technologies by 2.0% during the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after acquiring an additional 139 shares in the last quarter. Global X Japan Co. Ltd. raised its position in shares of SS&C Technologies by 16.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after acquiring an additional 140 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position in shares of SS&C Technologies by 1.9% during the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $1.11 during midday trading on Thursday, reaching $82.50. 751,526 shares of the company's stock traded hands, compared to its average volume of 1,332,247. SS&C Technologies has a 1 year low of $65.00 and a 1 year high of $89.73. The company has a market cap of $20.35 billion, a P/E ratio of 25.62 and a beta of 1.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day simple moving average of $80.56 and a two-hundred day simple moving average of $80.54.

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. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $1.28 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. Equities analysts predict 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is presently 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.