Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned an average recommendation of “Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $70.58.
A number of brokerages have weighed in on SSNC. BidaskClub downgraded shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. UBS Group lifted their price target on shares of Verisk Analytics from $106.00 to $111.00 and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target (down previously from $15.00) on shares of Nabriva Therapeutics in a research note on Wednesday, May 1st. DA Davidson lowered their target price on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a report on Monday, July 1st.
SSNC traded up $0.02 during trading on Friday, reaching $58.53. The stock had a trading volume of 11,092 shares, compared to its average volume of 1,220,942. The stock has a market capitalization of $14.73 billion, a PE ratio of 22.34, a PEG ratio of 1.72 and a beta of 1.27. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. SS&C Technologies has a one year low of $40.96 and a one year high of $67.73. The firm’s 50-day moving average is $57.65.
SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Tuesday, April 30th. The technology company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. SS&C Technologies had a return on equity of 17.19% and a net margin of 3.20%. The firm’s revenue was up 164.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, analysts forecast that SS&C Technologies will post 3.61 earnings per share for the current fiscal year.
In other news, Director Michael Jay Zamkow purchased 17,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $2,270,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph J. Frank sold 10,141 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $59.89, for a total transaction of $607,344.49. Following the completion of the transaction, the senior vice president now owns 9,910 shares of the company’s stock, valued at approximately $593,509.90. The disclosure for this sale can be found here. Over the last three months, insiders bought 17,097 shares of company stock worth $1,021,646. Insiders own 14.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Swedbank acquired a new position in SS&C Technologies in the 1st quarter valued at $109,590,000. DNB Asset Management AS lifted its holdings in SS&C Technologies by 38.2% in the 1st quarter. DNB Asset Management AS now owns 66,016 shares of the technology company’s stock valued at $4,205,000 after purchasing an additional 18,255 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in SS&C Technologies by 6.0% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 38,840 shares of the technology company’s stock valued at $2,474,000 after purchasing an additional 2,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SS&C Technologies by 14.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 433,553 shares of the technology company’s stock valued at $27,613,000 after acquiring an additional 53,318 shares during the last quarter. Finally, Capital Investment Services of America Inc. increased its stake in shares of SS&C Technologies by 0.8% during the 1st quarter. Capital Investment Services of America Inc. now owns 265,329 shares of the technology company’s stock valued at $16,899,000 after acquiring an additional 2,183 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.
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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