SS&C Technologies (NASDAQ:SSNC) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $81.34 and traded as high as $81.81. SS&C Technologies shares last traded at $81.55, with a volume of 1,549,216 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SSNC shares. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Royal Bank Of Canada increased their target price on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. UBS Group reissued a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 23rd. Evercore upgraded SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. Finally, DA Davidson boosted their price target on SS&C Technologies from $96.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.57.

SS&C Technologies Trading Up 1.4%

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day moving average is $81.34 and its 200-day moving average is $74.36. The company has a market capitalization of $19.14 billion, a P/E ratio of 23.43 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm posted $1.57 EPS. The business’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.30 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is presently 34.48%.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors have recently added to or reduced their stakes in the company. CenterBook Partners LP grew its position in shares of SS&C Technologies by 357.3% in the 3rd quarter. CenterBook Partners LP now owns 16,485 shares of the technology company’s stock worth $1,270,000 after buying an additional 12,880 shares during the period. Heritage Family Offices LLP bought a new position in shares of SS&C Technologies in the 3rd quarter worth about $92,000. Kestra Advisory Services LLC lifted its position in SS&C Technologies by 28.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,661 shares of the technology company’s stock valued at $513,000 after acquiring an additional 1,471 shares during the period. Quadcap Wealth Management LLC purchased a new position in SS&C Technologies during the 3rd quarter valued at about $208,000. Finally, Commonwealth Equity Services LLC lifted its position in SS&C Technologies by 141.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 46,495 shares of the technology company’s stock valued at $3,583,000 after acquiring an additional 27,265 shares during the period. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.