SS&C Technologies Holdings, Inc. (SSNC) Receives Average Rating of “Buy” from Analysts
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has received an average rating of “Buy” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.71.
A number of equities research analysts have recently issued reports on SSNC shares. DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, November 16th. JPMorgan Chase & Co. set a $70.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research note on Friday, February 15th. BidaskClub raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Buckingham Research started coverage on shares of SS&C Technologies in a research note on Thursday, January 24th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, UBS Group reduced their price target on shares of SS&C Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 8th.
In related news, CFO Patrick J. Pedonti sold 157,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the sale, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at approximately $3,416,075. The sale was disclosed in a legal filing with the SEC, which is available through this link. 17.50% of the stock is owned by corporate insiders.
Shares of SSNC stock opened at $63.16 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78. SS&C Technologies has a 12 month low of $40.96 and a 12 month high of $64.36. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.44 and a beta of 1.22.
SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 14th. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. SS&C Technologies had a net margin of 3.01% and a return on equity of 16.27%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. SS&C Technologies’s quarterly revenue was up 157.8% compared to the same quarter last year. On average, research analysts anticipate that SS&C Technologies will post 3.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.10 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, February 28th. SS&C Technologies’s dividend payout ratio is presently 15.27%.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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