SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Jonathan E. Michael acquired 600 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $49.79 per share, for a total transaction of $29,874.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SSNC stock opened at $49.94 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $39.15 and a 52 week high of $60.97. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.53 and a current ratio of 1.53.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Wednesday, October 31st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 16.18%. The business had revenue of $992.40 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 137.3% on a year-over-year basis. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 2.52 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squar Milner Financial Services LLC bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $108,000. CENTRAL TRUST Co raised its holdings in shares of SS&C Technologies by 3,755.1% in the 2nd quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock worth $196,000 after purchasing an additional 3,680 shares in the last quarter. Sky Investment Group LLC bought a new stake in shares of SS&C Technologies in the 3rd quarter worth approximately $216,000. Dupont Capital Management Corp bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $207,000. Finally, Signature Financial Management Inc. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 86.77% of the company’s stock.

A number of analysts have commented on SSNC shares. DA Davidson downgraded shares of SS&C Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $62.00 to $60.00 in a research report on Friday, September 7th. BidaskClub downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of SS&C Technologies from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday, August 9th. JPMorgan Chase & Co. started coverage on shares of SS&C Technologies in a research report on Wednesday, August 1st. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Needham & Company LLC boosted their price target on shares of SS&C Technologies to $68.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.00.

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About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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