Brokerages Set SS&C Technologies Holdings, Inc. (SSNC) PT at $45.17
Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.80.
SSNC has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $39.00 price objective on shares of SS&C Technologies Holdings in a report on Wednesday, March 15th. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price (up previously from $39.00) on shares of SS&C Technologies Holdings in a research report on Saturday, April 29th. Zacks Investment Research cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Macquarie upgraded shares of SS&C Technologies Holdings from a “neutral” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Thursday, February 16th. Finally, Deutsche Bank AG lifted their target price on shares of SS&C Technologies Holdings from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th.
In related news, Director William A. Etherington sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $36.06, for a total transaction of $432,720.00. Following the completion of the transaction, the director now owns 68,500 shares of the company’s stock, valued at $2,470,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of SSNC. First Mercantile Trust Co. raised its position in shares of 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 during the period. SG Americas Securities LLC bought a new position in shares of SS&C Technologies Holdings during the first quarter valued at approximately $119,000. Global X Management Co. LLC raised its position in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock valued at $121,000 after buying an additional 672 shares during the period. Penserra Capital Management LLC acquired a new stake in SS&C Technologies Holdings during the first quarter valued at about $190,000. Finally, Two Sigma Securities LLC acquired a new stake in SS&C Technologies Holdings during the first quarter valued at about $205,000. 90.69% of the stock is owned by hedge funds and other institutional investors.
SS&C Technologies Holdings (NASDAQ:SSNC) traded up 1.15% during mid-day trading on Tuesday, hitting $36.94. The company had a trading volume of 1,498,292 shares. SS&C Technologies Holdings has a 1-year low of $26.15 and a 1-year high of $38.18. The firm has a market capitalization of $7.54 billion, a PE ratio of 44.03 and a beta of 1.09. The company has a 50 day moving average of $36.53 and a 200 day moving average of $33.37.
SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $409.52 million for the quarter, compared to the consensus estimate of $406.15 million. SS&C Technologies Holdings had a net margin of 6.23% and a return on equity of 12.92%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Analysts predict that SS&C Technologies Holdings will post $1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 30th. SS&C Technologies Holdings’s dividend payout ratio (DPR) is 58.82%.
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About SS&C Technologies Holdings
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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