SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Has Consensus Price Target of $96.57

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $96.57.

Several research firms recently issued reports on SSNC. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Weiss Ratings raised shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Zacks Research downgraded shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. DA Davidson upped their target price on shares of SS&C Technologies from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $1,043,987,000. Pzena Investment Management LLC lifted its holdings in shares of SS&C Technologies by 18.6% in the 3rd quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock worth $1,009,141,000 after purchasing an additional 2,057,251 shares during the last quarter. Swedbank AB boosted its position in SS&C Technologies by 15.0% during the 1st quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock valued at $291,078,000 after purchasing an additional 563,196 shares during the period. Dimensional Fund Advisors LP boosted its position in SS&C Technologies by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock valued at $210,508,000 after purchasing an additional 60,089 shares during the period. Finally, Jupiter Topco LLC acquired a new position in SS&C Technologies during the 2nd quarter valued at approximately $178,337,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

SSNC stock opened at $80.88 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies has a 52-week low of $61.40 and a 52-week high of $89.93. The stock’s 50 day moving average is $81.29 and its two-hundred day moving average is $74.33. The company has a market capitalization of $18.98 billion, a PE ratio of 23.24 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts predict that SS&C Technologies will post 6.30 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.5%. SS&C Technologies’s payout ratio is currently 34.48%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.