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.
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.
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