SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $102.25.

SSNC has been the subject of several recent analyst reports. Needham & Company LLC upped their price target on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. UBS Group boosted their target price on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, DA Davidson raised their price objective on SS&C Technologies from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd.

SS&C Technologies Stock Down 1.2%

Shares of SSNC stock opened at $81.89 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies has a one year low of $69.61 and a one year high of $91.07. The company’s fifty day moving average price is $86.62 and its 200-day moving average price is $86.11. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 24.30 and a beta of 1.19.

SS&C Technologies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. SS&C Technologies’s payout ratio is presently 32.05%.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the transaction, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Delta Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at about $222,000. Skylands Capital LLC increased its stake in SS&C Technologies by 9.2% during the fourth quarter. Skylands Capital LLC now owns 80,700 shares of the technology company’s stock worth $7,055,000 after acquiring an additional 6,800 shares during the last quarter. Vest Financial LLC raised its position in SS&C Technologies by 66.8% during the fourth quarter. Vest Financial LLC now owns 10,025 shares of the technology company’s stock valued at $876,000 after purchasing an additional 4,016 shares during the period. United Community Bank lifted its stake in shares of SS&C Technologies by 13.7% in the 4th quarter. United Community Bank now owns 1,285 shares of the technology company’s stock valued at $112,000 after purchasing an additional 155 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of SS&C Technologies by 7.9% in the 4th quarter. Wealthfront Advisers LLC now owns 45,347 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 3,329 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Company Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.