SS&C Technologies (NASDAQ:SSNC) Reaches New 1-Year High – Should You Buy?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $89.50 and last traded at $89.30, with a volume of 272661 shares. The stock had previously closed at $88.34.

Analysts Set New Price Targets

A number of brokerages have recently commented on SSNC. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Up 1.0 %

The firm’s fifty day moving average price is $81.11 and its two-hundred day moving average price is $76.71. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is presently 33.33%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated 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 completion of 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. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction 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. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 474,000 shares of company stock valued at $37,492,778 over the last three months. Corporate insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in SS&C Technologies by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 1,202,399 shares of the technology company’s stock worth $91,118,000 after purchasing an additional 49,083 shares in the last quarter. Forum Financial Management LP grew its position in shares of SS&C Technologies by 96.3% during the 4th quarter. Forum Financial Management LP now owns 7,264 shares of the technology company’s stock valued at $550,000 after acquiring an additional 3,563 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $2,119,000. North Star Asset Management Inc. grew its position in shares of SS&C Technologies by 0.9% during the 4th quarter. North Star Asset Management Inc. now owns 598,703 shares of the technology company’s stock valued at $45,370,000 after acquiring an additional 5,221 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $3,713,000. 96.95% of the stock is owned by institutional investors.

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.