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

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $91.86.

Several research analysts have recently commented on the company. DA Davidson decreased their price objective on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th.

SS&C Technologies Trading Up 0.4%

NASDAQ SSNC opened at $80.39 on Wednesday. SS&C Technologies has a one year low of $60.01 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average is $78.38 and its 200-day moving average is $79.05. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 26.80 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that SS&C Technologies will post 5.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Jonathan E. Michael purchased 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its holdings in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after buying an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after buying an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its position in SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after acquiring an additional 11,077 shares during the last quarter. Swedbank AB raised its stake in SS&C Technologies by 17.5% in the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company’s stock valued at $8,188,000 after buying an additional 104,006 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company Profile

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.