Analysts Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Target Price at $77.75

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $77.75.

SSNC has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James lifted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, DA Davidson restated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by insiders.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors have recently made changes to their positions in SSNC. SkyView Investment Advisors LLC lifted its position in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after purchasing an additional 137 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after buying an additional 196 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after acquiring an additional 198 shares during the period. Summit Trail Advisors LLC increased its holdings in SS&C Technologies by 2.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock worth $446,000 after acquiring an additional 203 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after acquiring an additional 204 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 1.8 %

SSNC opened at $76.74 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies has a 52 week low of $58.79 and a 52 week high of $77.69. The stock has a market cap of $19.01 billion, a PE ratio of 27.51 and a beta of 1.38. The business has a 50 day moving average of $74.88 and a 200-day moving average of $71.58.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Equities research analysts predict that SS&C Technologies will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

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.