Several brokerages have updated their recommendations and price targets on shares of SS&C Technologies (NASDAQ: SSNC) in the last few weeks:

  • 1/8/2019 – SS&C Technologies had its price target lowered by analysts at UBS Group AG from $63.00 to $60.00. They now have a “buy” rating on the stock.
  • 1/5/2019 – SS&C Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “
  • 1/2/2019 – SS&C Technologies had its price target lowered by analysts at Raymond James from $68.00 to $67.00. They now have a “strong-buy” rating on the stock.
  • 1/2/2019 – SS&C Technologies was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “
  • 12/28/2018 – SS&C Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/7/2018 – SS&C Technologies was upgraded by analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating. They now have a $70.00 price target on the stock, up previously from $68.00.
  • 12/5/2018 – SS&C Technologies is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $64.00 price target on the stock.
  • 11/29/2018 – SS&C Technologies is now covered by analysts at Evercore ISI. They set a “buy” rating and a $74.00 price target on the stock.
  • 11/20/2018 – SS&C Technologies had its price target raised by analysts at Raymond James from $67.00 to $68.00. They now have a “strong-buy” rating on the stock.
  • 11/16/2018 – SS&C Technologies was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating.

NASDAQ SSNC traded down $0.84 during trading hours on Monday, reaching $46.63. 13,559 shares of the company’s stock were exchanged, compared to its average volume of 1,814,950. SS&C Technologies Holdings, Inc. has a one year low of $40.96 and a one year high of $60.97. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.02 and a beta of 1.14.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $992.40 million during the quarter, compared to analysts’ expectations of $1 billion. SS&C Technologies had a return on equity of 15.04% and a net margin of 7.61%. SS&C Technologies’s revenue for the quarter was up 137.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 2.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Saturday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. SS&C Technologies’s dividend payout ratio is currently 17.88%.

In other SS&C Technologies news, Director Smita Conjeevaram purchased 3,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $48.52 per share, with a total value of $145,560.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $145,560. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael purchased 600 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average cost of $49.79 per share, with a total value of $29,874.00. The disclosure for this purchase can be found here. Insiders have bought a total of 35,798 shares of company stock valued at $1,675,881 over the last ninety days. Company insiders own 17.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SSNC. Vanguard Group Inc. boosted its holdings in shares of SS&C Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of SS&C Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of SS&C Technologies by 2.8% in the 3rd quarter. BlackRock Inc. now owns 11,363,016 shares of the technology company’s stock valued at $645,761,000 after buying an additional 312,983 shares during the last quarter. FMR LLC boosted its holdings in shares of SS&C Technologies by 14.9% in the 3rd quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after buying an additional 1,161,159 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of SS&C Technologies by 1,929.5% in the 2nd quarter. Morgan Stanley now owns 4,228,968 shares of the technology company’s stock valued at $219,484,000 after buying an additional 4,020,592 shares during the last quarter. 80.01% of the stock is owned by institutional investors.

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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