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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.75.

A number of analysts have weighed in on the company. Needham & Company LLC upped their price target 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. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, DA Davidson lifted their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $73.70 on Friday. The company has a market capitalization of $18.23 billion, a price-to-earnings ratio of 29.36 and a beta of 1.38. The company has a 50-day moving average of $70.51 and a 200-day moving average of $65.23. SS&C Technologies has a 52 week low of $46.61 and a 52 week high of $75.10. 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 (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that SS&C Technologies will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio is currently 39.84%.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the transaction, the director now owns 41,576 shares in the company, valued at approximately $2,513,684.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now owns 57,642 shares in the company, valued at $4,215,359.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 468,190 shares of company stock valued at $34,031,675. Insiders own 15.40% of the company’s stock.

Institutional Trading of SS&C Technologies

A number of institutional investors have recently bought and sold shares of the business. Quent Capital LLC lifted its stake in shares of SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Innealta Capital LLC acquired a new position in SS&C Technologies in the second quarter valued at about $26,000. ST Germain D J Co. Inc. acquired a new position in SS&C Technologies in the first quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new position in SS&C Technologies during the second quarter worth about $35,000. Finally, Benjamin Edwards Inc. grew its position in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

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.