SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.44.
Several research analysts have commented on the stock. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. Zacks Investment Research cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. JPMorgan Chase & Co. assumed coverage on shares of SS&C Technologies in a report on Tuesday, May 1st. They set an “overweight” rating and a $60.00 price target for the company. Credit Suisse Group assumed coverage on shares of SS&C Technologies in a report on Thursday, May 31st. They set an “outperform” rating and a $60.00 price target for the company. Finally, Citigroup assumed coverage on shares of SS&C Technologies in a report on Tuesday, June 12th. They set a “buy” rating and a $62.00 price target for the company.
Get SS&C Technologies alerts:Shares of SS&C Technologies opened at $53.02 on Tuesday, according to Marketbeat. SS&C Technologies has a one year low of $36.48 and a one year high of $55.25. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 1.80 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69.
SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, May 1st. The technology company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). SS&C Technologies had a return on equity of 15.43% and a net margin of 19.65%. The firm had revenue of $434.60 million during the quarter, compared to analyst estimates of $433.77 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. analysts anticipate that SS&C Technologies will post 2.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, May 31st. SS&C Technologies’s dividend payout ratio is currently 15.64%.
In other SS&C Technologies news, SVP Paul Gerard Igoe sold 112,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $48.17, for a total value of $5,395,040.00. Following the completion of the sale, the senior vice president now directly owns 112,000 shares in the company, valued at $5,395,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan E. Michael bought 12,543 shares of SS&C Technologies stock in a transaction on Friday, May 11th. The stock was acquired at an average price of $49.10 per share, with a total value of $615,861.30. The disclosure for this purchase can be found here. Company insiders own 17.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its stake in SS&C Technologies by 48.5% in the fourth quarter. Macquarie Group Ltd. now owns 331,783 shares of the technology company’s stock valued at $13,431,000 after acquiring an additional 108,319 shares during the last quarter. Wells Fargo & Company MN lifted its stake in SS&C Technologies by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 123,919 shares of the technology company’s stock valued at $5,016,000 after acquiring an additional 6,468 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in SS&C Technologies by 14.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 21,710 shares of the technology company’s stock valued at $879,000 after acquiring an additional 2,700 shares during the last quarter. Raymond James & Associates lifted its stake in SS&C Technologies by 361.3% in the fourth quarter. Raymond James & Associates now owns 279,761 shares of the technology company’s stock valued at $11,325,000 after acquiring an additional 219,120 shares during the last quarter. Finally, BB&T Securities LLC acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $320,000. Hedge funds and other institutional investors own 70.75% of the company’s stock.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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