Analysts Set SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Target Price at $69.44

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $70.78.

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Truist Financial raised their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ST Germain D J Co. Inc. purchased a new position in shares of SS&C Technologies during the 1st quarter worth approximately $27,000. Headinvest LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $26,000. Operose Advisors LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $34,000. Denali Advisors LLC acquired a new stake in SS&C Technologies during the first quarter worth approximately $51,000. Finally, Principal Securities Inc. acquired a new stake in SS&C Technologies during the fourth quarter worth approximately $53,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $61.23 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies has a 1 year low of $46.61 and a 1 year high of $65.86. The company has a market capitalization of $15.14 billion, a PE ratio of 25.73 and a beta of 1.43. The company has a fifty day moving average of $62.89 and a two-hundred day moving average of $58.99.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. As a group, analysts expect that SS&C Technologies will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. SS&C Technologies’s dividend payout ratio (DPR) is 40.34%.

SS&C Technologies Company Profile

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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.