SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $102.25.

A number of brokerages have weighed in on SSNC. Royal Bank Of Canada raised their price objective on SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Morgan Stanley raised their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Raymond James Financial restated a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 24th.

SS&C Technologies Trading Down 1.2%

SSNC stock opened at $81.89 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94. The company has a market cap of $19.98 billion, a price-to-earnings ratio of 24.30 and a beta of 1.17. The business has a fifty day simple moving average of $86.62 and a 200-day simple moving average of $86.17. SS&C Technologies has a 52 week low of $69.61 and a 52 week high of $91.07.

SS&C Technologies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. SS&C Technologies’s payout ratio is 32.05%.

Insider Buying and Selling

In related news, Director Normand A. Boulanger sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the transaction, the director owned 386,924 shares in the company, valued at $33,217,425.40. The trade was a 27.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Davis Capital Management purchased a new position in shares of SS&C Technologies during the third quarter valued at $1,064,000. North Star Asset Management Inc. boosted its position in SS&C Technologies by 1.0% during the 2nd quarter. North Star Asset Management Inc. now owns 611,438 shares of the technology company’s stock worth $50,627,000 after acquiring an additional 6,199 shares during the period. Vanguard Group Inc. boosted its position in SS&C Technologies by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock worth $1,702,971,000 after acquiring an additional 165,821 shares during the period. DNB Asset Management AS grew its stake in SS&C Technologies by 7.3% during the 2nd quarter. DNB Asset Management AS now owns 48,102 shares of the technology company’s stock valued at $3,983,000 after acquiring an additional 3,269 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of SS&C Technologies by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 412,791 shares of the technology company’s stock valued at $34,179,000 after purchasing an additional 30,449 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.