Brokerages Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Price Target at $69.44

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $70.78.

SSNC has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a research note on Tuesday, April 16th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Needham & Company LLC upped their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Citigroup upped their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th.

SS&C Technologies Trading Up 0.7 %

SS&C Technologies stock opened at $61.23 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $62.89 and a two-hundred day moving average price of $58.99. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 25.73 and a beta of 1.43. SS&C Technologies has a 52-week low of $46.61 and a 52-week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. Sell-side analysts expect that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. SS&C Technologies’s dividend payout ratio is currently 40.34%.

Institutional Investors Weigh In On SS&C Technologies

Large investors have recently made changes to their positions in the company. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the third quarter valued at approximately $26,000. ST Germain D J Co. Inc. acquired a new position in SS&C Technologies in the 1st quarter valued at approximately $27,000. Operose Advisors LLC acquired a new position in SS&C Technologies in the 3rd quarter valued at approximately $34,000. Denali Advisors LLC acquired a new position in SS&C Technologies in the 1st quarter valued at approximately $51,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in SS&C Technologies in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.