SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Average Rating of “Moderate Buy” from Brokerages

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $77.75.

SSNC has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Royal Bank of Canada upped their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, Raymond James raised their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kera Capital Partners Inc. bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $242,000. Alhambra Investment Management LLC acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $364,000. Integrated Investment Consultants LLC grew its position in SS&C Technologies by 14.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 23,326 shares of the technology company’s stock worth $1,768,000 after acquiring an additional 3,006 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of SS&C Technologies during the 4th quarter worth $215,000. Finally, Merit Financial Group LLC bought a new position in shares of SS&C Technologies during the 4th quarter valued at $359,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.7 %

SSNC opened at $78.41 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $19.42 billion, a PE ratio of 28.10 and a beta of 1.37. The stock’s fifty day moving average is $75.73 and its 200-day moving average is $73.07. SS&C Technologies has a one year low of $59.18 and a one year high of $78.55.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business earned $1.04 earnings per share. SS&C Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts predict that SS&C Technologies will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.