SS&C Technologies Holdings, Inc. (SSNC) Receives Average Recommendation of “Buy” from Brokerages
Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned an average rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $69.93.
A number of equities analysts have commented on SSNC shares. JPMorgan Chase & Co. set a $70.00 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, February 15th. BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Buckingham Research started coverage on shares of SS&C Technologies in a research report on Thursday, January 24th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research upgraded shares of SS&C Technologies from a “sell” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Saturday, February 23rd. Finally, DA Davidson upped their price objective on shares of SS&C Technologies from $64.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th.
In related news, Director Michael Jay Zamkow purchased 17,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $2,270,880. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph J. Frank sold 10,141 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $59.89, for a total transaction of $607,344.49. Following the completion of the transaction, the senior vice president now owns 9,910 shares of the company’s stock, valued at approximately $593,509.90. The disclosure for this sale can be found here. Insiders bought a total of 17,159 shares of company stock valued at $1,025,569 in the last quarter. Insiders own 14.50% of the company’s stock.
NASDAQ:SSNC traded up $0.38 during trading hours on Friday, reaching $56.82. 684,956 shares of the company’s stock were exchanged, compared to its average volume of 1,643,887. The stock has a market cap of $14.28 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.69 and a beta of 1.22. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies has a 1-year low of $40.96 and a 1-year high of $67.73.
SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. SS&C Technologies’s quarterly revenue was up 164.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Sell-side analysts expect that SS&C Technologies will post 3.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. SS&C Technologies’s dividend payout ratio is presently 15.27%.
SS&C Technologies Company Profile
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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