SS&C Technologies (NASDAQ:SSNC) Sets New 12-Month Low at $58.11

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $58.11 and last traded at $58.14, with a volume of 15535 shares traded. The stock had previously closed at $60.51.

A number of equities analysts have recently commented on SSNC shares. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. Raymond James lowered their price objective on SS&C Technologies from $95.00 to $93.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 5th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $92.25.

The stock has a fifty day moving average of $65.90 and a 200-day moving average of $74.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 19.42 and a beta of 1.56.

SS&C Technologies (NASDAQ:SSNC – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The technology company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. SS&C Technologies had a net margin of 15.59% and a return on equity of 20.78%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, May 31st. SS&C Technologies’s payout ratio is currently 26.85%.

Several hedge funds have recently bought and sold shares of SSNC. Select Equity Group L.P. boosted its holdings in shares of SS&C Technologies by 34.9% in the fourth quarter. Select Equity Group L.P. now owns 15,734,073 shares of the technology company’s stock valued at $1,289,879,000 after acquiring an additional 4,069,495 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in SS&C Technologies in the fourth quarter worth $276,925,000. Pzena Investment Management LLC raised its position in SS&C Technologies by 41,968.9% in the fourth quarter. Pzena Investment Management LLC now owns 2,865,734 shares of the technology company’s stock worth $234,933,000 after acquiring an additional 2,858,922 shares in the last quarter. Norges Bank purchased a new position in SS&C Technologies in the fourth quarter worth $187,333,000. Finally, Capital World Investors purchased a new position in SS&C Technologies in the first quarter worth $103,226,000. 96.54% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Company Profile (NASDAQ:SSNC)

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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