SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives Consensus Rating of “Buy” from Brokerages

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $64.73.

SSNC has been the topic of a number of research analyst reports. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Royal Bank of Canada reduced their price target on shares of SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Jefferies Financial Group reduced their price target on shares of SS&C Technologies from $81.00 to $55.00 in a research note on Friday, October 28th. DA Davidson reduced their price target on shares of SS&C Technologies to $70.00 in a research note on Tuesday, November 1st. Finally, StockNews.com started coverage on shares of SS&C Technologies in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of SS&C Technologies by 7.8% in the 3rd quarter. BlackRock Inc. now owns 25,067,431 shares of the technology company’s stock valued at $1,196,968,000 after purchasing an additional 1,809,055 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of SS&C Technologies by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 20,990,573 shares of the technology company’s stock valued at $1,002,300,000 after buying an additional 401,503 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of SS&C Technologies by 19.9% in the 3rd quarter. Pzena Investment Management LLC now owns 10,688,624 shares of the technology company’s stock valued at $510,382,000 after buying an additional 1,772,233 shares in the last quarter. Boston Partners boosted its holdings in shares of SS&C Technologies by 15.3% in the 3rd quarter. Boston Partners now owns 7,695,276 shares of the technology company’s stock valued at $367,889,000 after buying an additional 1,023,361 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of SS&C Technologies by 29.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,503,268 shares of the technology company’s stock valued at $358,281,000 after buying an additional 1,687,932 shares in the last quarter. 83.14% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $56.27 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 21.56 and a beta of 1.42. The company’s 50-day moving average is $52.64 and its two-hundred day moving average is $54.10. SS&C Technologies has a 1-year low of $45.25 and a 1-year high of $82.46.

SS&C Technologies (NASDAQ:SSNC – Get Rating) last posted its earnings results on Thursday, October 27th. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. SS&C Technologies had a net margin of 13.24% and a return on equity of 19.05%. Analysts forecast that SS&C Technologies will post 4.25 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, November 30th. SS&C Technologies’s dividend payout ratio is presently 30.65%.

SS&C Technologies Company Profile

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SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.