Several other research firms have also recently weighed in on SSNC. Jefferies Financial Group cut shares of SS&C Technologies from a buy rating to a hold rating and raised their price objective for the company from $58.00 to $64.00 in a research report on Wednesday, May 1st. Buckingham Research lowered their price objective on shares of SS&C Technologies from $72.00 to $67.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Raymond James lowered their price objective on shares of SS&C Technologies from $78.00 to $60.00 and set a strong-buy rating for the company in a research report on Tuesday, July 30th. DA Davidson cut shares of SS&C Technologies from a buy rating to a neutral rating in a research report on Tuesday, July 30th. Finally, Credit Suisse Group lowered their price objective on shares of SS&C Technologies from $75.00 to $65.00 and set an outperform rating for the company in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $69.00.
SSNC opened at $43.69 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.77. The firm has a market cap of $11.17 billion, a PE ratio of 16.68, a PEG ratio of 1.85 and a beta of 1.26. SS&C Technologies has a 1-year low of $40.96 and a 1-year high of $67.73. The company has a 50-day moving average of $56.70.
In other news, SVP Joseph J. Frank sold 10,141 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $59.89, for a total transaction of $607,344.49. Following the completion of the sale, the senior vice president now owns 9,910 shares in the company, valued at approximately $593,509.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan E. Michael purchased 2,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $48.11 per share, with a total value of $96,220.00. The disclosure for this purchase can be found here. 14.50% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of SS&C Technologies by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 2,237,418 shares of the technology company’s stock worth $100,867,000 after acquiring an additional 85,768 shares during the period. Millennium Management LLC bought a new position in shares of SS&C Technologies during the 4th quarter worth about $4,172,000. Quad Cities Investment Group LLC bought a new position in shares of SS&C Technologies during the 1st quarter worth about $48,000. We Are One Seven LLC lifted its holdings in shares of SS&C Technologies by 74.6% during the 1st quarter. We Are One Seven LLC now owns 11,863 shares of the technology company’s stock worth $755,000 after acquiring an additional 5,067 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of SS&C Technologies by 12.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,595 shares of the technology company’s stock worth $356,000 after acquiring an additional 625 shares during the period. Institutional investors own 83.20% 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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