SS&C Technologies (NASDAQ:SSNC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, BidAskClub reports.

A number of other brokerages also recently commented on SSNC. Raymond James set a $65.00 price objective on SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $65.00 target price on shares of SS&C Technologies in a report on Friday, November 1st. JPMorgan Chase & Co. set a $69.00 target price on SS&C Technologies and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank increased their target price on SS&C Technologies from $64.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their target price on SS&C Technologies from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.64.

Shares of SSNC stock opened at $63.03 on Tuesday. The stock has a 50 day moving average of $61.76 and a two-hundred day moving average of $54.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.64. SS&C Technologies has a 12 month low of $42.51 and a 12 month high of $67.73. The company has a market capitalization of $16.54 billion, a P/E ratio of 46.69, a P/E/G ratio of 2.42 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.79 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that SS&C Technologies will post 3.5 earnings per share for the current fiscal year.

In other SS&C Technologies news, CEO William C. Stone sold 255,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $58.84, for a total value of $15,004,200.00. Following the transaction, the chief executive officer now directly owns 31,931,624 shares in the company, valued at approximately $1,878,856,756.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 142 shares of company stock worth $8,373 over the last quarter. Corporate insiders own 14.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. MAI Capital Management boosted its position in shares of SS&C Technologies by 1.0% in the 3rd quarter. MAI Capital Management now owns 25,965 shares of the technology company’s stock worth $1,339,000 after purchasing an additional 256 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of SS&C Technologies by 2.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,451 shares of the technology company’s stock worth $775,000 after purchasing an additional 305 shares during the last quarter. Nicolet Bankshares Inc. boosted its position in shares of SS&C Technologies by 6.2% in the 3rd quarter. Nicolet Bankshares Inc. now owns 5,500 shares of the technology company’s stock worth $284,000 after purchasing an additional 320 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of SS&C Technologies by 119.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 629 shares of the technology company’s stock worth $39,000 after purchasing an additional 342 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of SS&C Technologies by 8.3% in the 3rd quarter. Park Avenue Securities LLC now owns 4,617 shares of the technology company’s stock worth $238,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

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

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