SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $77.75 Consensus PT from Brokerages

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have 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 1-year target price among brokerages that have covered the stock in the last year is $77.75.

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

SS&C Technologies Price Performance

NASDAQ SSNC opened at $76.11 on Friday. SS&C Technologies has a 1 year low of $58.79 and a 1 year high of $77.69. The business’s fifty day moving average is $74.88 and its two-hundred day moving average is $71.76. The stock has a market capitalization of $18.85 billion, a P/E ratio of 27.28 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is currently 35.84%.

Insider Transactions at SS&C Technologies

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

Institutional Trading of SS&C Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in SSNC. Wealth Enhancement Advisory Services LLC raised its stake in shares of SS&C Technologies by 63.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company’s stock valued at $396,000 after acquiring an additional 2,453 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of SS&C Technologies by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,289,558 shares of the technology company’s stock valued at $80,817,000 after purchasing an additional 78,984 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of SS&C Technologies by 2.8% in the second quarter. Verdence Capital Advisors LLC now owns 91,629 shares of the technology company’s stock worth $5,742,000 after buying an additional 2,489 shares during the last quarter. Skylands Capital LLC boosted its holdings in shares of SS&C Technologies by 7.0% during the 2nd quarter. Skylands Capital LLC now owns 72,150 shares of the technology company’s stock worth $4,522,000 after buying an additional 4,725 shares during the period. Finally, Burney Co. grew its stake in SS&C Technologies by 1.1% in the 2nd quarter. Burney Co. now owns 185,826 shares of the technology company’s stock valued at $11,646,000 after buying an additional 1,953 shares during the last quarter. Institutional investors and hedge funds 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.