SS&C Technologies (NASDAQ:SSNC) Earns Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of SS&C Technologies (NASDAQ:SSNC - Free Report) in a report released on Friday morning, MarketBeat.com reports. They currently have a $86.00 target price on the technology company's stock, down from their previous target price of $90.00.

A number of other research firms also recently issued reports on SSNC. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. 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. Finally, UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Trading Down 0.1 %

Shares of SSNC traded down $0.07 during trading hours on Friday, reaching $74.84. The stock had a trading volume of 514,819 shares, compared to its average volume of 1,271,218. The firm has a 50-day moving average of $80.65 and a 200 day moving average of $78.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.44 billion, a P/E ratio of 24.95 and a beta of 1.31. 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 released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.28 EPS. SS&C Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that SS&C Technologies will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. SS&C Technologies's dividend payout ratio is 31.06%.

Insider Buying and Selling at SS&C Technologies

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

Institutional Trading of SS&C Technologies

Hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in SS&C Technologies by 993.0% during 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. lifted its holdings in SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after purchasing an additional 11,077 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in SS&C Technologies during the 4th quarter worth approximately $5,578,000. Finally, Swedbank AB lifted 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 purchasing an additional 261,275 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

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.