Analysts Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Price Target at $65.91

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $66.67.

A number of research firms recently weighed in on SSNC. Buckingham Research set a $67.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Friday, September 6th. BidaskClub lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. set a $69.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $65.00 price target on shares of SS&C Technologies in a research report on Friday, November 1st. Finally, Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, November 7th.

SS&C Technologies stock opened at $59.05 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.64. The firm’s fifty day moving average price is $57.73 and its two-hundred day moving average price is $53.76. SS&C Technologies has a 1-year low of $40.96 and a 1-year high of $67.73. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.40 and a beta of 1.29.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.79 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, research analysts forecast that SS&C Technologies will post 3.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.125 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 0.85%. SS&C Technologies’s payout ratio is currently 19.08%.

A number of hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new stake in SS&C Technologies in the third quarter worth about $316,000. Millennium Management LLC raised its position in SS&C Technologies by 161.2% in the third quarter. Millennium Management LLC now owns 1,093,287 shares of the technology company’s stock worth $56,380,000 after acquiring an additional 674,748 shares during the period. Select Equity Group L.P. raised its position in SS&C Technologies by 22.3% in the third quarter. Select Equity Group L.P. now owns 3,520,078 shares of the technology company’s stock worth $181,530,000 after acquiring an additional 642,179 shares during the period. Squarepoint Ops LLC raised its position in SS&C Technologies by 615.2% in the third quarter. Squarepoint Ops LLC now owns 292,408 shares of the technology company’s stock worth $15,079,000 after acquiring an additional 251,523 shares during the period. Finally, National Pension Service raised its position in SS&C Technologies by 5.3% in the third quarter. National Pension Service now owns 345,142 shares of the technology company’s stock worth $17,799,000 after acquiring an additional 17,385 shares during the period. 83.15% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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