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

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

A number of research analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, Raymond James boosted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th.

SS&C Technologies Trading Down 0.8 %

Shares of SSNC stock opened at $78.50 on Thursday. SS&C Technologies has a fifty-two week low of $59.20 and a fifty-two week high of $79.59. The firm’s 50 day moving average price is $76.05 and its two-hundred day moving average price is $73.52. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37. 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 (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that SS&C Technologies will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock valued at $34,461,478 over the last 90 days. 15.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of SS&C Technologies by 3.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 48,009 shares of the technology company’s stock valued at $3,638,000 after buying an additional 1,727 shares during the last quarter. SG Americas Securities LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $322,000. Davis Capital Management raised its stake in SS&C Technologies by 28.7% during the 4th quarter. Davis Capital Management now owns 8,532 shares of the technology company’s stock valued at $647,000 after acquiring an additional 1,904 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its position in SS&C Technologies by 3.5% during the 4th 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 period. Finally, Kera Capital Partners Inc. bought a new position in shares of SS&C Technologies in the fourth quarter worth $242,000. 96.95% of the stock is owned by institutional investors and hedge funds.

About SS&C Technologies

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.