Brokerages Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) PT at $70.75

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $70.75.

SSNC has been the topic of a number of analyst reports. DA Davidson raised their target price on SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada raised their target price on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Needham & Company LLC raised their target price on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group raised their target price on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th.

SS&C Technologies Price Performance

Shares of SSNC opened at $73.52 on Monday. The business’s 50-day moving average is $66.79 and its two-hundred day moving average is $63.98. The company has a market capitalization of $18.04 billion, a P/E ratio of 29.29 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. SS&C Technologies has a fifty-two week low of $46.61 and a fifty-two week high of $73.97.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Research analysts predict that SS&C Technologies will post 4.66 earnings per share for the current year.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the transaction, the director now directly owns 41,576 shares of the company’s stock, valued at approximately $2,513,684.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the transaction, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP increased its holdings in shares of SS&C Technologies by 37.0% during the 2nd quarter. Brandes Investment Partners LP now owns 748,324 shares of the technology company’s stock worth $46,881,000 after buying an additional 202,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SS&C Technologies by 285.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock worth $140,000 after buying an additional 1,657 shares during the last quarter. Creative Planning increased its holdings in shares of SS&C Technologies by 9.9% during the 2nd quarter. Creative Planning now owns 8,131 shares of the technology company’s stock worth $510,000 after buying an additional 735 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 9.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 6,263 shares of the technology company’s stock worth $393,000 after buying an additional 546 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of SS&C Technologies by 5.8% during the 2nd quarter. Mackenzie Financial Corp now owns 1,152,542 shares of the technology company’s stock worth $72,230,000 after buying an additional 63,457 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

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.