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

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $73.25.

SSNC has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC raised their target price on shares of SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Finally, DA Davidson boosted their target price on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th.

SS&C Technologies Price Performance

Shares of SSNC opened at $76.46 on Friday. The company has a market capitalization of $18.76 billion, a P/E ratio of 30.46 and a beta of 1.38. SS&C Technologies has a twelve month low of $46.61 and a twelve month high of $76.94. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $71.86 and a 200 day moving average of $65.63.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $1.45 billion during 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. As a group, equities research analysts anticipate that SS&C Technologies will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies’s dividend payout ratio (DPR) is presently 39.84%.

Insider Transactions at SS&C Technologies

In related news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction on 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 transaction, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now owns 9,576 shares of the company’s stock, valued at $678,172.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the transaction, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. The disclosure for this sale can be found here. Insiders have sold 590,690 shares of company stock worth $43,377,625 in the last 90 days. 15.40% of the stock is currently owned by insiders.

Institutional Trading of SS&C Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI increased its stake in SS&C Technologies by 547.4% in the 4th quarter. National Bank of Canada FI now owns 5,011 shares of the technology company’s stock worth $303,000 after buying an additional 4,237 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SS&C Technologies by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,781 shares of the technology company’s stock valued at $46,064,000 after purchasing an additional 22,111 shares during the period. Principal Securities Inc. purchased a new position in SS&C Technologies in the 4th quarter worth approximately $53,000. Teacher Retirement System of Texas boosted its stake in SS&C Technologies by 61.2% in the 4th quarter. Teacher Retirement System of Texas now owns 28,018 shares of the technology company’s stock worth $1,712,000 after purchasing an additional 10,638 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in SS&C Technologies by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company’s stock valued at $141,190,000 after buying an additional 199,780 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

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.