SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a research report issued to clients and investors on Friday, The Fly reports. Jefferies Group also issued estimates for SS&C Technologies’ Q4 2018 earnings at $0.54 EPS.

A number of other brokerages have also recently issued reports on SSNC. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price (up from $44.00) on shares of SS&C Technologies in a report on Friday. JPMorgan Chase & Co. raised shares of SS&C Technologies from a “neutral” rating to an “overweight” rating in a report on Thursday. Morgan Stanley increased their price target on shares of SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. BidaskClub raised shares of SS&C Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Saturday, January 6th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. SS&C Technologies currently has an average rating of “Buy” and an average target price of $48.18.

Shares of SS&C Technologies (NASDAQ SSNC) traded down $0.87 during mid-day trading on Friday, hitting $49.47. 4,848,600 shares of the stock were exchanged, compared to its average volume of 3,242,411. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $10,180.00, a PE ratio of 47.11, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. SS&C Technologies has a 12 month low of $30.82 and a 12 month high of $51.39.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. SS&C Technologies’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. 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 that occurred on Tuesday, January 2nd. The shares were sold at an average price of $40.39, for a total transaction of $807,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 60,000 shares of company stock worth $2,414,600. Insiders own 17.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Advisor Group Inc. grew its position in shares of SS&C Technologies by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after purchasing an additional 348 shares in the last quarter. QS Investors LLC grew its position in shares of SS&C Technologies by 165.7% during the 2nd quarter. QS Investors LLC now owns 4,810 shares of the technology company’s stock worth $185,000 after purchasing an additional 3,000 shares in the last quarter. SG Americas Securities LLC grew its position in shares of SS&C Technologies by 46.2% during the 2nd quarter. SG Americas Securities LLC now owns 4,902 shares of the technology company’s stock worth $188,000 after purchasing an additional 1,550 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $240,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $247,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

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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.

The Fly

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

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