Insider Buying: SS&C Technologies Holdings, Inc. (SSNC) Director Buys $29,874.00 in Stock
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.
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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