Analysts Set SS&C Technologies Holdings, Inc. (SSNC) Price Target at $44.00

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.44.

SSNC has been the subject of several research reports. UBS Group restated a “buy” rating and set a $49.00 price objective on shares of SS&C Technologies in a research report on Thursday, December 14th. Needham & Company LLC reaffirmed a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 27th. DA Davidson reaffirmed a “buy” rating and issued a $44.00 target price on shares of SS&C Technologies in a research note on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Saturday, January 6th.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $40.39, for a total value of $807,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 60,000 shares of company stock valued at $2,414,600 over the last ninety days. 17.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of SS&C Technologies by 5,137.5% during the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock valued at $772,938,000 after buying an additional 19,739,127 shares during the period. Vanguard Group Inc. grew its stake in shares of SS&C Technologies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock valued at $529,806,000 after buying an additional 343,969 shares during the period. BlackRock Inc. grew its stake in shares of SS&C Technologies by 4.5% during the 2nd quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock valued at $330,563,000 after buying an additional 373,193 shares during the period. State Street Corp grew its stake in shares of SS&C Technologies by 20.9% during the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in shares of SS&C Technologies by 2.6% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,652,366 shares of the technology company’s stock valued at $106,492,000 after buying an additional 68,110 shares during the period. 86.13% of the stock is owned by institutional investors.

Shares of SS&C Technologies (NASDAQ:SSNC) traded down $0.87 during trading on Tuesday, hitting $49.47. The company had a trading volume of 4,848,690 shares, compared to its average volume of 3,242,411. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. SS&C Technologies has a 1 year low of $30.82 and a 1 year high of $51.39. The firm has a market cap of $10,180.00, a P/E ratio of 47.11, a P/E/G ratio of 1.38 and a beta of 1.08.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The firm had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. During the same period in the previous year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts expect that SS&C Technologies will post 1.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 0.57%. SS&C Technologies’s payout ratio is currently 26.67%.

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SS&C Technologies 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.

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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