Shares of SS&C Technologies Holdings Inc. (NASDAQ:SSNC) shot up 2.2% during trading on Monday . The stock traded as high as $31.57 and last traded at $31.53, with a volume of 1,124,382 shares trading hands. The stock had previously closed at $30.85.

Several research firms recently commented on SSNC. Jefferies Group reissued a “buy” rating on shares of SS&C Technologies Holdings in a research note on Tuesday, July 5th. Morgan Stanley began coverage on shares of SS&C Technologies Holdings in a research note on Wednesday, April 13th. They set an “equal weight” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $78.00 target price (up from $76.00) on shares of SS&C Technologies Holdings in a research note on Saturday, May 7th. Deutsche Bank AG cut their target price on shares of SS&C Technologies Holdings from $63.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 11th. Finally, Royal Bank Of Canada began coverage on shares of SS&C Technologies Holdings in a research note on Friday, May 13th. They set an “outperform” rating and a $72.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $71.42.

The stock has a 50 day moving average price of $29.50 and a 200-day moving average price of $30.10. The company has a market capitalization of $6.29 billion and a P/E ratio of 266.89.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its earnings results on Thursday, May 5th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm earned $324.13 million during the quarter, compared to the consensus estimate of $338.58 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 57.5% compared to the same quarter last year. Analysts expect that SS&C Technologies Holdings Inc. will post $1.60 earnings per share for the current year.

In related news, COO Normand A. Boulanger sold 124,651 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $61.27, for a total value of $7,637,366.77. Following the completion of the sale, the chief operating officer now owns 69,651 shares in the company, valued at approximately $4,267,516.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Normand A. Boulanger sold 49,231 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $61.57, for a total value of $3,031,152.67. Following the completion of the sale, the chief operating officer now owns 98,480 shares of the company’s stock, valued at approximately $6,063,413.60. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Airain ltd purchased a new stake in SS&C Technologies Holdings during the fourth quarter worth $1,542,000. GSA Capital Partners LLP increased its stake in shares of SS&C Technologies Holdings by 24.8% in the fourth quarter. GSA Capital Partners LLP now owns 22,761 shares of the company’s stock valued at $1,554,000 after buying an additional 4,524 shares during the last quarter. Russell Frank Co increased its stake in shares of SS&C Technologies Holdings by 3.1% in the fourth quarter. Russell Frank Co now owns 30,082 shares of the company’s stock valued at $2,051,000 after buying an additional 900 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SS&C Technologies Holdings by 18.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,993 shares of the company’s stock valued at $2,252,000 after buying an additional 5,053 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of SS&C Technologies Holdings by 8.7% in the fourth quarter. Rhumbline Advisers now owns 72,361 shares of the company’s stock valued at $4,940,000 after buying an additional 5,790 shares during the last quarter.

SS&C Technologies Holdings, Inc (SS&C Holdings) is a holding company, which provides software products and software-enabled services. The Company operates primarily through its subsidiary, SS&C Technologies, Inc The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services, and product support.

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