Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have earned a consensus rating of “Buy” from the sixteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $63.00.

A number of research analysts recently weighed in on SSNC shares. Sandler O’Neill reissued a “buy” rating and set a $62.00 price target on shares of SS&C Technologies in a research report on Monday, July 23rd. Deutsche Bank raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $57.00 to $72.00 in a research report on Monday, September 10th. BidaskClub lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Needham & Company LLC raised their price target on shares of SS&C Technologies to $68.00 and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, Zacks Investment Research raised shares of SS&C Technologies from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday, August 9th.

In related news, Director Jonathan E. Michael acquired 600 shares of the stock in a transaction on Monday, November 5th. The shares were acquired at an average price of $49.79 per share, with a total value of $29,874.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Squar Milner Financial Services LLC bought a new stake in SS&C Technologies in the second quarter worth about $108,000. CENTRAL TRUST Co raised its position in SS&C Technologies by 3,755.1% in the second quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock worth $196,000 after acquiring an additional 3,680 shares during the period. Commonwealth Equity Services LLC bought a new stake in SS&C Technologies in the first quarter worth about $200,000. Dupont Capital Management Corp bought a new stake in shares of SS&C Technologies in the second quarter valued at approximately $207,000. Finally, Signature Financial Management Inc. bought a new stake in shares of SS&C Technologies in the second quarter valued at approximately $208,000. 86.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of SSNC traded down $1.97 during trading hours on Monday, reaching $49.94. 1,001,354 shares of the stock traded hands, compared to its average volume of 1,831,501. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.53 and a quick ratio of 1.53. SS&C Technologies has a 52 week low of $39.15 and a 52 week high of $60.97. The firm has a market capitalization of $12.51 billion, a P/E ratio of 27.90, a PEG ratio of 1.53 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 16.18%. The company had revenue of $992.40 million for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm earned $0.50 earnings per share. The firm’s revenue was up 137.3% on a year-over-year basis. On average, equities research analysts expect that SS&C Technologies will post 2.52 earnings per share for the current year.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.

Further Reading: Technical Analysis

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

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