SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.44.

Several research firms recently commented on SSNC. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. UBS Group upped their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada raised their target price on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, Citigroup lifted their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th.

SS&C Technologies Stock Down 3.4 %

SSNC stock opened at $59.90 on Tuesday. The stock has a 50-day simple moving average of $62.91 and a two-hundred day simple moving average of $58.68. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies has a twelve month low of $46.61 and a twelve month high of $65.86. The firm has a market capitalization of $14.80 billion, a PE ratio of 25.17 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. On average, equities analysts predict that SS&C Technologies will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. SS&C Technologies’s dividend payout ratio (DPR) is currently 40.34%.

Institutional Investors Weigh In On SS&C Technologies

A number of large investors have recently made changes to their positions in the business. Headinvest LLC bought a new stake in SS&C Technologies in the third quarter valued at $26,000. KB Financial Partners LLC bought a new stake in shares of SS&C Technologies during the 1st quarter valued at about $26,000. ST Germain D J Co. Inc. purchased a new position in shares of SS&C Technologies during the first quarter valued at about $27,000. IFP Advisors Inc raised its stake in SS&C Technologies by 136.1% in the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock worth $29,000 after buying an additional 275 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock valued at $29,000 after purchasing an additional 408 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Company Profile

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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.