Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $41.25.

SSNC has been the topic of several research reports. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a report on Wednesday. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and set a $45.00 price objective (up previously from $39.00) on shares of SS&C Technologies Holdings in a report on Saturday, April 29th. Finally, Needham & Company LLC upped their price objective on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, April 28th.

SS&C Technologies Holdings (NASDAQ SSNC) traded up 2.28% on Friday, reaching $37.63. 1,152,967 shares of the company were exchanged. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $40.21. The stock has a market capitalization of $7.72 billion, a P/E ratio of 40.12 and a beta of 1.12. The company’s 50-day moving average price is $38.78 and its 200-day moving average price is $36.65.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. During the same quarter in the previous year, the company earned $0.39 EPS. SS&C Technologies Holdings’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings will post $1.94 earnings per share for the current fiscal year.

In other news, Director Michael Jay Zamkow bought 14,275 shares of SS&C Technologies Holdings stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $36.62 per share, for a total transaction of $522,750.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 17.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Westpac Banking Corp raised its stake in SS&C Technologies Holdings by 0.5% in the first quarter. Westpac Banking Corp now owns 17,904 shares of the technology company’s stock valued at $634,000 after buying an additional 83 shares during the last quarter. Comerica Bank raised its stake in SS&C Technologies Holdings by 1.1% in the first quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock valued at $302,000 after buying an additional 89 shares during the last quarter. Utah Retirement Systems raised its stake in SS&C Technologies Holdings by 0.3% in the first quarter. Utah Retirement Systems now owns 30,700 shares of the technology company’s stock valued at $1,087,000 after buying an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in SS&C Technologies Holdings by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,817 shares of the technology company’s stock valued at $646,000 after buying an additional 172 shares during the last quarter. Finally, World Asset Management Inc raised its stake in SS&C Technologies Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 7,668 shares of the technology company’s stock valued at $295,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 88.47% of the company’s stock.

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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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