SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a note issued to investors on Tuesday.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. BidaskClub lowered shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Finally, DA Davidson initiated coverage on shares of SS&C Technologies Holdings in a research report on Thursday, September 14th. They issued a “buy” rating and a $43.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.75.

Shares of SS&C Technologies Holdings (NASDAQ SSNC) traded down 0.20% during mid-day trading on Tuesday, reaching $40.79. 56,036 shares of the company’s stock traded hands. The company’s 50 day moving average is $38.56 and its 200 day moving average is $37.82. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $41.16. The company has a market cap of $8.37 billion, a P/E ratio of 43.49 and a beta of 1.12.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The business had revenue of $414.10 million for the quarter, compared to analyst estimates of $413.33 million. During the same quarter last year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts predict that SS&C Technologies Holdings will post $1.94 EPS for the current fiscal year.

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In other news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.38, for a total value of $1,211,400.00. Following the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $1,211,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow purchased 14,275 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $36.62 per share, for a total transaction of $522,750.50. The disclosure for this purchase can be found here. Over the last three months, insiders sold 90,000 shares of company stock worth $3,503,100. Insiders own 17.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. lifted its stake in shares of SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after buying an additional 277 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of SS&C Technologies Holdings by 14.3% in the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after buying an additional 348 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of SS&C Technologies Holdings by 25.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after buying an additional 622 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of SS&C Technologies Holdings in the first quarter worth about $119,000. Finally, Global X Management Co. LLC lifted its stake in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after buying an additional 672 shares in the last quarter. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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

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