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

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $97.50.

A number of brokerages have recently issued reports on SSNC. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, DA Davidson boosted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of SS&C Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $12,916,000. Comerica Bank boosted its holdings in SS&C Technologies by 8.9% in the fourth quarter. Comerica Bank now owns 34,730 shares of the technology company’s stock worth $2,632,000 after purchasing an additional 2,843 shares during the period. Kapitalo Investimentos Ltda bought a new stake in SS&C Technologies during the fourth quarter valued at $69,000. Utah Retirement Systems lifted its position in shares of SS&C Technologies by 0.6% in the 4th quarter. Utah Retirement Systems now owns 35,636 shares of the technology company’s stock worth $2,700,000 after buying an additional 200 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company’s stock valued at $172,038,000 after buying an additional 780,616 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $88.66 on Monday. 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 firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. SS&C Technologies has a one year low of $59.63 and a one year high of $89.25. The company has a 50 day moving average price of $78.82 and a 200 day moving average price of $75.64.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Sell-side analysts anticipate that SS&C Technologies will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is 33.33%.

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.