SS&C Technologies (SSNC) Price Target Raised to $56.00 at UBS Group

SS&C Technologies (NASDAQ:SSNC) had its target price lifted by UBS Group from $52.00 to $56.00 in a research report sent to investors on Tuesday, 99wallstreet.com reports. UBS Group currently has a buy rating on the technology company’s stock.

Other research analysts have also issued reports about the company. William Blair lowered SS&C Technologies from an outperform rating to a market perform rating in a research note on Tuesday. Royal Bank of Canada increased their price objective on SS&C Technologies to $60.00 and gave the stock an outperform rating in a research note on Friday, January 12th. DA Davidson increased their price objective on SS&C Technologies to $54.00 and gave the stock a buy rating in a research note on Friday, January 12th. Jefferies Group reiterated a buy rating on shares of SS&C Technologies in a research note on Friday, January 12th. Finally, Needham & Company LLC reiterated a buy rating and set a $60.00 price objective (up from $44.00) on shares of SS&C Technologies in a research note on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $48.82.

Shares of SS&C Technologies (SSNC) traded up $1.23 during mid-day trading on Tuesday, reaching $49.71. The company had a trading volume of 3,122,291 shares, compared to its average volume of 3,156,317. The company has a market capitalization of $9,980.00, a PE ratio of 47.34, a P/E/G ratio of 1.61 and a beta of 1.08. SS&C Technologies has a 52-week low of $30.82 and a 52-week high of $51.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

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

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.69, for a total transaction of $813,800.00. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares in the company, valued at $712,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $2,414,600 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Several large investors have recently made changes to their positions in SSNC. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies by 5,137.5% in the second 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 in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at $64,532,000. Atlantic Trust Group LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at $55,411,000. Koch Industries Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at $719,000. Finally, State Street Corp increased its stake in shares of SS&C Technologies by 20.9% in the second 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 in the last quarter. Institutional investors own 86.04% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “SS&C Technologies (SSNC) Price Target Raised to $56.00 at UBS Group” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.com-unik.info/2018/01/17/ssc-technologies-ssnc-price-target-raised-to-56-00-at-ubs-group.html.

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)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit