SS&C Technologies Holdings’ (NASDAQ:SSNC) “Buy” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in a research report sent to investors on Wednesday, August 9th. The firm currently has a $41.00 price objective on the technology company’s stock.

A number of other research analysts also recently commented on the stock. Deutsche Bank AG reaffirmed a hold rating and set a $39.00 price objective (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a buy rating and set a $45.00 price objective (up from $39.00) on shares of SS&C Technologies Holdings in a research report on Saturday, April 29th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the company a buy rating in a research report on Friday, April 28th. BidaskClub downgraded shares of SS&C Technologies Holdings from a strong-buy rating to a buy rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of SS&C Technologies Holdings from a hold rating to a buy rating and set a $43.00 target price for the company in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. SS&C Technologies Holdings has a consensus rating of Buy and an average target price of $41.25.

Shares of SS&C Technologies Holdings (NASDAQ SSNC) traded up 1.00% during midday trading on Wednesday, hitting $37.33. 646,830 shares of the stock traded hands. SS&C Technologies Holdings has a one year low of $28.43 and a one year high of $40.21. The firm has a 50-day moving average price of $38.67 and a 200 day moving average price of $36.85. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 39.80 and a beta of 1.12.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The firm had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Analysts anticipate that SS&C Technologies Holdings will post $1.94 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.75%. This is an increase from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 30th. SS&C Technologies Holdings’s payout ratio is currently 26.60%.

In other news, Director Michael Jay Zamkow acquired 14,275 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $36.62 per share, with a total value of $522,750.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $1,134,900. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its stake in SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock valued at $104,000 after buying an additional 277 shares in the last quarter. Advisor Group Inc. increased its stake in SS&C Technologies Holdings by 14.3% in the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after buying an additional 348 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in SS&C Technologies Holdings by 25.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock valued at $117,000 after buying an additional 622 shares in the last quarter. First Mercantile Trust Co. increased its stake in SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock valued at $108,000 after buying an additional 2,025 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in SS&C Technologies Holdings during the first quarter valued at about $119,000. 89.63% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Holdings Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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