Jefferies Group Analysts Give SS&C Technologies Holdings Inc. (SSNC) a $36.00 Price Target
SSNC has been the topic of several other research reports. Morgan Stanley boosted their price target on shares of SS&C Technologies Holdings from $34.00 to $37.00 and gave the stock an equal weight rating in a research note on Thursday, July 28th. Deutsche Bank AG reduced their target price on shares of SS&C Technologies Holdings from $63.00 to $32.00 and set a hold rating on the stock in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $65.09.
Shares of SS&C Technologies Holdings (NASDAQ:SSNC) opened at 32.23 on Thursday. SS&C Technologies Holdings has a one year low of $23.61 and a one year high of $38.60. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 555.69 and a beta of 1.16. The firm has a 50-day moving average of $32.19 and a 200 day moving average of $30.74.
SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $384.40 million for the quarter, compared to analysts’ expectations of $377.12 million. SS&C Technologies Holdings had a net margin of 0.99% and a return on equity of 11.94%. The business’s quarterly revenue was up 80.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. On average, equities research analysts predict that SS&C Technologies Holdings will post $1.61 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.78%. SS&C Technologies Holdings’s payout ratio is 454.63%.
In related news, insider Normand A. Boulanger sold 227,284 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $31.57, for a total transaction of $7,175,355.88. Following the completion of the sale, the insider now owns 307,500 shares of the company’s stock, valued at $9,707,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 18.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Pioneer Investment Management Inc. boosted its stake in SS&C Technologies Holdings by 21.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 125,206 shares of the company’s stock worth $8,548,000 after buying an additional 21,992 shares during the last quarter. Norges Bank purchased a new stake in SS&C Technologies Holdings during the fourth quarter worth approximately $48,189,000. Fisher Asset Management LLC purchased a new stake in SS&C Technologies Holdings during the first quarter worth approximately $603,000. GW&K Investment Management LLC boosted its stake in SS&C Technologies Holdings by 14.1% in the first quarter. GW&K Investment Management LLC now owns 149,632 shares of the company’s stock worth $9,490,000 after buying an additional 18,451 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in SS&C Technologies Holdings by 42.9% in the first quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock worth $297,000 after buying an additional 1,403 shares during the last quarter. 88.19% of the stock is owned by institutional investors.
About SS&C Technologies Holdings
SS&C Technologies Holdings, Inc (SS&C Holdings) is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.
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