A number of other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of SS&C Technologies from a hold rating to a sell rating in a research note on Wednesday, July 31st. Zacks Investment Research cut shares of SS&C Technologies from a hold rating to a sell rating in a research note on Friday, August 2nd. Credit Suisse Group dropped their price target on shares of SS&C Technologies from $75.00 to $65.00 and set an outperform rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SS&C Technologies in a research note on Monday, July 1st. Finally, Needham & Company LLC lowered their target price on shares of SS&C Technologies to $65.00 and set a strong-buy rating on the stock in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $68.75.
SS&C Technologies stock opened at $52.38 on Friday. The company’s fifty day moving average price is $47.82 and its 200 day moving average price is $57.23. SS&C Technologies has a 1 year low of $40.96 and a 1 year high of $67.73. The stock has a market capitalization of $13.23 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.15 and a beta of 1.26. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.76%. SS&C Technologies’s dividend payout ratio (DPR) is presently 15.27%.
In other SS&C Technologies news, Director Jonathan E. Michael bought 2,000 shares of the stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $48.11 per share, with a total value of $96,220.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at about $25,000. Capital Investment Advisory Services LLC boosted its position in shares of SS&C Technologies by 930.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock valued at $30,000 after acquiring an additional 465 shares during the last quarter. Hudock Capital Group LLC acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at about $42,000. Machina Capital S.A.S. acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at about $52,000. Finally, FTB Advisors Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at about $52,000. 81.94% of the stock is currently owned by hedge funds and other institutional investors.
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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