BidaskClub cut shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

A number of other research analysts have also recently issued reports on SSNC. Deutsche Bank AG lifted their price objective on SS&C Technologies Holdings from $32.00 to $35.00 and gave the company a hold rating in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a buy rating and issued a $45.00 price target (up from $39.00) on shares of SS&C Technologies Holdings in a report on Saturday, April 29th. Needham & Company LLC lifted their price target on SS&C Technologies Holdings from $39.00 to $42.00 and gave the company a buy rating in a report on Friday, April 28th. Royal Bank Of Canada reaffirmed a buy rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. Finally, Zacks Investment Research raised SS&C Technologies Holdings from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $41.25.

Shares of SS&C Technologies Holdings (NASDAQ SSNC) traded up 1.11% on Friday, hitting $38.36. 103,072 shares of the stock traded hands. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 40.90 and a beta of 1.12. The stock has a 50-day moving average price of $38.92 and a 200 day moving average price of $36.38. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $40.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 15.15%. SS&C Technologies Holdings’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. On average, analysts anticipate that SS&C Technologies Holdings will post $1.94 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. boosted its stake in shares of SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock valued at $104,000 after buying an additional 277 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock valued at $108,000 after buying an additional 2,025 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SS&C Technologies Holdings during the first quarter valued at $119,000. Global X Management Co. LLC boosted its stake in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock valued at $121,000 after buying an additional 672 shares in the last quarter. Finally, Crow Point Partners LLC purchased a new stake in shares of SS&C Technologies Holdings during the second quarter valued at $143,000. 88.47% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Holdings Company Profile

SS&C Technologies Holdings, Inc 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.

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

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