Equities researchers at DA Davidson assumed coverage on shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in a report released on Thursday. The firm set a “buy” rating and a $43.00 price target on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 13.04% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised 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 note on Thursday, August 31st. BidaskClub downgraded SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $39.00 price objective (up from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.44.

SS&C Technologies Holdings (NASDAQ:SSNC) opened at 38.04 on Thursday. The company’s 50-day moving average price is $38.12 and its 200 day moving average price is $37.48. The stock has a market capitalization of $7.81 billion, a PE ratio of 40.55 and a beta of 1.15. SS&C Technologies Holdings has a 12 month low of $28.43 and a 12 month high of $40.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $414.10 million during the quarter, compared to the consensus estimate of $413.33 million. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. On average, analysts forecast that SS&C Technologies Holdings will post $1.94 earnings per share for the current fiscal year.

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In related news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.56, for a total value of $1,156,800.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,156,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow acquired 14,275 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Company insiders own 17.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC increased its position in SS&C Technologies Holdings by 5,137.5% during the second quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after buying an additional 19,739,127 shares in the last quarter. BlackRock Inc. increased its position in SS&C Technologies Holdings by 34,597.2% during the first quarter. BlackRock Inc. now owns 8,232,940 shares of the technology company’s stock worth $291,445,000 after buying an additional 8,209,212 shares in the last quarter. Findlay Park Partners LLP purchased a new position in SS&C Technologies Holdings during the second quarter worth $61,513,000. Geneva Advisors LLC increased its position in SS&C Technologies Holdings by 8,872.9% during the second quarter. Geneva Advisors LLC now owns 960,997 shares of the technology company’s stock worth $36,912,000 after buying an additional 950,287 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its position in SS&C Technologies Holdings by 78.9% during the second quarter. Iridian Asset Management LLC CT now owns 1,801,105 shares of the technology company’s stock worth $69,180,000 after buying an additional 794,215 shares in the last quarter. 86.91% of the stock is owned by institutional investors.

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.

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

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