SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $79.63 and last traded at $79.49, with a volume of 194901 shares. The stock had previously closed at $78.50.
Analysts Set New Price Targets
SSNC has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James increased their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.75.
Check Out Our Latest Report on SS&C Technologies
SS&C Technologies Stock Performance
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.04 EPS. SS&C Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.
Insider Buying and Selling at SS&C Technologies
In related news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by company insiders.
Institutional Trading of SS&C Technologies
A number of institutional investors have recently bought and sold shares of SSNC. Benjamin Edwards Inc. lifted its stake in shares of SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc increased its stake in shares of SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after acquiring an additional 233 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of SS&C Technologies during the 3rd quarter valued at $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in SS&C Technologies during the third quarter worth $89,000. Institutional investors own 96.95% of the company’s stock.
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.
Read More
- Five stocks we like better than SS&C Technologies
- What is the Shanghai Stock Exchange Composite Index?
- SAP’s Strong Momentum: A Bullish Setup for Investors
- 3 Warren Buffett Stocks to Buy Now
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Using the MarketBeat Dividend Tax Calculator
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.