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


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. 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

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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.

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

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