SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $70.75.

A number of research analysts have issued reports on the stock. DA Davidson raised their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Needham & Company LLC raised their target price on SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group lifted their price target on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.

SS&C Technologies Trading Up 0.4 %

Shares of NASDAQ:SSNC opened at $72.69 on Monday. The business’s 50-day moving average is $66.09 and its 200 day moving average is $63.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. SS&C Technologies has a 1 year low of $46.61 and a 1 year high of $73.97. The firm has a market capitalization of $17.84 billion, a P/E ratio of 28.96 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, research analysts predict that SS&C Technologies will post 4.66 earnings per share for the current fiscal year.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $61.92, for a total transaction of $619,200.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at $2,352,960. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Michael Jay Zamkow sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $61.92, for a total transaction of $619,200.00. Following the sale, the director now owns 38,000 shares in the company, valued at $2,352,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Smita Conjeevaram sold 48,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the completion of the transaction, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The disclosure for this sale can be found here. Insiders have sold 66,000 shares of company stock worth $4,507,420 over the last quarter. 15.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 2.2% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after purchasing an additional 101,948 shares during the last quarter. SG Americas Securities LLC boosted its position in SS&C Technologies by 39.3% during the first quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock worth $4,305,000 after acquiring an additional 18,878 shares during the last quarter. UBS Group AG grew its stake in SS&C Technologies by 24.5% during the 4th quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after acquiring an additional 79,029 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in SS&C Technologies by 4.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 253,867 shares of the technology company’s stock valued at $16,341,000 after acquiring an additional 11,497 shares during the last quarter. Finally, CastleKnight Management LP lifted its stake in SS&C Technologies by 44.1% in the 4th quarter. CastleKnight Management LP now owns 16,000 shares of the technology company’s stock worth $978,000 after purchasing an additional 4,900 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, 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.