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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) has earned an average rating of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $79.50.

A number of research firms recently weighed in on SSNC. DA Davidson reduced their price objective on shares of SS&C Technologies from $92.00 to $82.00 in a research note on Thursday, July 28th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Piper Sandler reduced their price objective on shares of SS&C Technologies from $89.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Morgan Stanley cut their price target on shares of SS&C Technologies from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Finally, Citigroup cut their price target on shares of SS&C Technologies from $86.00 to $75.00 in a report on Tuesday, July 26th.

Insider Transactions at SS&C Technologies

In other news, COO Rahul Kanwar sold 46,700 shares of SS&C Technologies stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $63.06, for a total transaction of $2,944,902.00. Following the completion of the sale, the chief operating officer now directly owns 50,000 shares of the company’s stock, valued at approximately $3,153,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is currently owned by insiders.

Institutional Trading of SS&C Technologies

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in SS&C Technologies by 2.7% in the first quarter. BlackRock Inc. now owns 20,759,142 shares of the technology company’s stock worth $1,557,352,000 after purchasing an additional 542,317 shares during the last quarter. Vanguard Group Inc. lifted its stake in SS&C Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 20,029,098 shares of the technology company’s stock worth $1,502,583,000 after purchasing an additional 266,741 shares during the last quarter. Select Equity Group L.P. increased its position in shares of SS&C Technologies by 34.9% in the fourth quarter. Select Equity Group L.P. now owns 15,734,073 shares of the technology company’s stock valued at $1,289,879,000 after acquiring an additional 4,069,495 shares during the period. Pzena Investment Management LLC increased its position in shares of SS&C Technologies by 83.4% in the second quarter. Pzena Investment Management LLC now owns 8,916,391 shares of the technology company’s stock valued at $517,775,000 after acquiring an additional 4,055,156 shares during the period. Finally, Boston Partners increased its position in shares of SS&C Technologies by 6.3% in the first quarter. Boston Partners now owns 6,513,522 shares of the technology company’s stock valued at $488,384,000 after acquiring an additional 388,721 shares during the period. 83.60% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 1.0 %

SS&C Technologies stock opened at $53.05 on Monday. SS&C Technologies has a 1-year low of $52.20 and a 1-year high of $84.85. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 19.72 and a beta of 1.46. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $58.92 and a 200 day simple moving average of $63.98.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, August 31st. SS&C Technologies’s dividend payout ratio is currently 29.74%.

SS&C Technologies Company Profile

(Get Rating)

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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

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