SS&C Technologies (NASDAQ:SSNC) had its price objective boosted by research analysts at DA Davidson from $62.00 to $72.00 in a report issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price target suggests a potential upside of 15.27% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of SS&C Technologies from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Raymond James set a $65.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. set a $69.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. SS&C Technologies currently has an average rating of “Buy” and an average target price of $67.50.
Shares of SSNC traded down $0.68 during trading hours on Wednesday, hitting $62.46. The stock had a trading volume of 44,898 shares, compared to its average volume of 1,207,513. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $60.42 and a 200-day simple moving average of $54.29. The firm has a market capitalization of $15.91 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. SS&C Technologies has a 1-year low of $42.51 and a 1-year high of $67.73.
SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. Equities analysts predict that SS&C Technologies will post 3.51 EPS for the current fiscal year.
In other SS&C Technologies news, CEO William C. Stone sold 255,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $58.84, for a total transaction of $15,004,200.00. Following the transaction, the chief executive officer now owns 31,931,624 shares of the company’s stock, valued at approximately $1,878,856,756.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have acquired 142 shares of company stock worth $8,373. Insiders own 14.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of SSNC. First Allied Advisory Services Inc. lifted its position in shares of SS&C Technologies by 10.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 4,611 shares of the technology company’s stock worth $266,000 after buying an additional 433 shares in the last quarter. Renaissance Technologies LLC purchased a new position in SS&C Technologies in the 2nd quarter valued at approximately $17,951,000. Natixis Advisors L.P. grew its stake in SS&C Technologies by 1.8% in the 2nd quarter. Natixis Advisors L.P. now owns 49,986 shares of the technology company’s stock valued at $2,880,000 after buying an additional 892 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in SS&C Technologies by 2,790.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,243 shares of the technology company’s stock valued at $72,000 after buying an additional 1,200 shares in the last quarter. Finally, Northern Trust Corp grew its stake in SS&C Technologies by 2.5% in the 2nd quarter. Northern Trust Corp now owns 1,327,880 shares of the technology company’s stock valued at $76,499,000 after buying an additional 32,456 shares in the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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