SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $91.86 Average Target Price from Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) has received an average recommendation of "Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $91.86.

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

SS&C Technologies Trading Up 0.3%

Shares of SSNC traded up $0.29 during trading hours on Thursday, reaching $83.61. 936,063 shares of the company traded hands, compared to its average volume of 1,332,815. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 25.97 and a beta of 1.23. SS&C Technologies has a 12-month low of $61.13 and a 12-month high of $89.73. The stock's fifty day moving average price is $80.31 and its 200 day moving average price is $80.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. Sell-side analysts forecast that SS&C Technologies will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was 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 company's stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director directly owned 72,776 shares in the company, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director directly owned 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SS&C Technologies

A number of hedge funds have recently bought and sold shares of the business. Swedbank AB boosted its position in SS&C Technologies by 72.0% during the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company's stock worth $283,147,000 after purchasing an additional 1,431,620 shares in the last quarter. Jackson Square Capital LLC boosted its position in SS&C Technologies by 34.9% during the second quarter. Jackson Square Capital LLC now owns 21,110 shares of the technology company's stock worth $1,748,000 after purchasing an additional 5,464 shares in the last quarter. Pines Wealth Management LLC purchased a new position in SS&C Technologies during the second quarter worth approximately $291,000. Financiere des Professionnels Fonds d investissement inc. purchased a new position in SS&C Technologies during the second quarter worth approximately $453,000. Finally, Byrne Asset Management LLC boosted its position in SS&C Technologies by 1.1% during the second quarter. Byrne Asset Management LLC now owns 16,221 shares of the technology company's stock worth $1,343,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors 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.