Analysts Set SS&C Technologies Holdings, Inc. (SSNC) PT at $63.00

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $63.00.

A number of research firms have issued reports on SSNC. BidaskClub downgraded SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson downgraded SS&C Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $60.00 in a research report on Friday, September 7th. Zacks Investment Research raised SS&C Technologies from a “sell” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Thursday, August 9th. JPMorgan Chase & Co. began coverage on SS&C Technologies in a research report on Wednesday, August 1st. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Needham & Company LLC raised their target price on SS&C Technologies to $68.00 and gave the stock a “buy” rating in a research report on Monday, August 6th.

Shares of SSNC opened at $52.01 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.63. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.45 and a beta of 1.25. SS&C Technologies has a 1 year low of $39.15 and a 1 year high of $60.97.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. SS&C Technologies had a return on equity of 16.18% and a net margin of 7.61%. The business had revenue of $992.40 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 137.3% on a year-over-year basis. As a group, equities analysts predict that SS&C Technologies will post 2.52 earnings per share for the current year.

In related news, Director Jonathan E. Michael purchased 600 shares of SS&C Technologies stock in a transaction dated Monday, November 5th. The stock was bought at an average cost of $49.79 per share, for a total transaction of $29,874.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 17.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of SS&C Technologies by 0.7% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 162,601 shares of the technology company’s stock valued at $9,241,000 after purchasing an additional 1,100 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of SS&C Technologies by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 372,413 shares of the technology company’s stock valued at $19,328,000 after purchasing an additional 1,127 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of SS&C Technologies by 15.0% in the third quarter. CIBC Asset Management Inc now owns 9,564 shares of the technology company’s stock valued at $544,000 after purchasing an additional 1,245 shares in the last quarter. Aperio Group LLC grew its position in shares of SS&C Technologies by 4.4% in the second quarter. Aperio Group LLC now owns 31,031 shares of the technology company’s stock valued at $1,611,000 after purchasing an additional 1,320 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its position in shares of SS&C Technologies by 1.0% in the third quarter. NN Investment Partners Holdings N.V. now owns 152,492 shares of the technology company’s stock valued at $8,666,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors own 86.77% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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