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

0

Shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC – Get Rating) have been assigned a consensus rating of “Buy” by the thirteen brokerages that currently cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a hold recommendation, eight gave the company a buy recommendation and one gave the company a strong buy recommendation. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $68.36.

Several research analysts have weighed in on SSNC shares. Needham & Company LLC cut its price target on SS&C Technologies from $75.00 to $65.00 and set a “buy” rating for the company in a Friday, October 28 report. StockNews.com began covering SS&C Technologies stocks in a research note on Wednesday, October 12. They set a “buy” rating for the company. William Blair reissued an “outperform” rating on SS&C Technologies stock in a research note on Monday, July 25. Morgan Stanley lowered its price target on SS&C Technologies shares from $65.00 to $55.00 and set an “equal weight” rating for the company in a Friday, Oct. 28 research note. Finally, Jefferies Financial Group lowered its price target on SS&C Technologies shares from $81.00 to $55.00 in a Friday, October 28 research note.

SS&C Technologies trades up 1.2%

Shares of SSNC opened at $49.59 on Tuesday. The stock has a fifty-day moving average of $51.04 and a two-hundred-day moving average of $57.52. The company has a debt ratio of 1.18, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $12.65 billion, a PE ratio of 19.00 and a beta of 1.45. SS&C Technologies has a fifty-two week low of $45.25 and a fifty-two week high of $84.85.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15. Investors of record on Thursday, September 1 received a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 31. This represents a dividend of $0.80 on an annualized basis and a yield of 1.61%. SS&C Technologies’ dividend payout ratio (DPR) is 30.65%.

Insider buying and selling

In other news from SS&C Technologies, COO Rahul Kanwar sold 46,700 shares of the company in a trade dated Thursday, August 11. The shares were sold at an average price of $63.06, for a total value of $2,944,902.00. Following completion of the transaction, the COO now directly owns 50,000 shares of the company, valued at approximately $3,153,000. The transaction was disclosed in a filing with the SEC, accessible via this link. 14.90% of the shares are held by insiders.

Hedge funds weigh on SS&C Technologies

A number of institutional investors and hedge funds have recently increased or reduced their stakes in SSNC. JFS Wealth Advisors LLC increased its stake in shares of SS&C Technologies by 723.8% in Q1. JFS Wealth Advisors LLC now owns 346 shares of the technology company valued at $26,000 after buying 304 additional shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of SS&C Technologies in Q2 valued at approximately $26,000. Benjamin Edwards Inc. increased its stake in shares of SS&C Technologies by 49.2% in the third quarter. Benjamin Edwards Inc. now owns 813 shares of the tech company valued at $39,000 after buying 268 more shares in the last quarter. Tobam ​​acquired a new stake in shares of SS&C Technologies in Q2 valued at approximately $40,000. Finally, Prospera Financial Services Inc acquired a new equity stake in SS&C Technologies in Q1 valued at approximately $44,000. 83.60% of the shares are held by hedge funds and other institutional investors.

About SS&C Technologies

(Get a rating)

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software services to the financial services and healthcare industries. The company owns and operates a technology stack in securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and tax compliance and reporting; and healthcare solutions including claims, benefits management, care management and business intelligence solutions.

Read more

Analyst Recommendations for SS&C Technologies (NASDAQ: SSNC)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider SS&C Technologies, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and SS&C Technologies didn’t make the list.

Although SS&C Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Share.

Comments are closed.