SS&C Technologies Holdings, Inc. (SSNC) Earns Buy Rating from Analysts at DA Davidson

DA Davidson began coverage on shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in a research note published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $43.00 price target on the technology company’s stock.

A number of other research analysts also recently weighed in on SSNC. Royal Bank Of Canada reissued a buy rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. Deutsche Bank AG reissued a hold rating and issued a $39.00 target price (up previously from $35.00) on shares of SS&C Technologies Holdings in a report on Friday, July 14th. Needham & Company LLC reissued a buy rating and issued a $44.00 target price (up previously from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Zacks Investment Research upgraded SS&C Technologies Holdings from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Wednesday, August 2nd. Finally, BidaskClub cut SS&C Technologies Holdings from a strong-buy rating to a buy rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. SS&C Technologies Holdings presently has a consensus rating of Buy and a consensus target price of $41.44.

Shares of SS&C Technologies Holdings (NASDAQ SSNC) opened at 38.04 on Thursday. SS&C Technologies Holdings has a one year low of $28.43 and a one year high of $40.21. The company has a 50-day moving average price of $38.12 and a 200 day moving average price of $37.48. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 40.55 and a beta of 1.15.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. SS&C Technologies Holdings’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that SS&C Technologies Holdings will post $1.94 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “SS&C Technologies Holdings, Inc. (SSNC) Earns Buy Rating from Analysts at DA Davidson” was first reported by Equities Focus and is the property of of Equities Focus. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.equitiesfocus.com/2017/09/17/ssc-technologies-holdings-inc-ssnc-earns-buy-rating-from-analysts-at-da-davidson.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.07 dividend. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. SS&C Technologies Holdings’s dividend payout ratio is presently 29.79%.

In related news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the completion of the sale, the chief financial officer now owns 30,000 shares in the company, valued at $1,156,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow bought 14,275 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Corporate insiders own 17.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. grew its position in shares of SS&C Technologies Holdings by 11.4% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after purchasing an additional 277 shares in the last quarter. Advisor Group Inc. grew its position in shares of SS&C Technologies Holdings by 14.3% during the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after purchasing an additional 348 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of SS&C Technologies Holdings by 25.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after purchasing an additional 622 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SS&C Technologies Holdings during the first quarter worth about $119,000. Finally, Global X Management Co. LLC grew its position in shares of SS&C Technologies Holdings by 24.6% during the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after purchasing an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.

SS&C Technologies Holdings Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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

Receive News & Ratings for SS&C Technologies Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply