Somewhat Positive Media Coverage Somewhat Unlikely to Impact SS&C Technologies (SSNC) Share Price
Media headlines about SS&C Technologies (NASDAQ:SSNC) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SS&C Technologies earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6167520751231 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- SS&C in talks to acquire DST Systems (nasdaq.com)
- Exclusive: SS&C in talks to acquire DST Systems – sources (reuters.com)
- SS&C in talks to buy DST Systems for $84 a share (finance.yahoo.com)
- Williams Capital Selects SS&C’s MarketTrader OMS – Traders Magazine (tradersmagazine.com)
- SS&C Technologies Holdings, Inc. (SSNC) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
SS&C Technologies (NASDAQ:SSNC) traded up $5.42 during trading hours on Wednesday, hitting $47.69. The company’s stock had a trading volume of 9,913,753 shares, compared to its average volume of 1,997,871. The stock has a market capitalization of $8,620.00, a P/E ratio of 45.42, a P/E/G ratio of 1.38 and a beta of 1.08. SS&C Technologies has a 12-month low of $30.60 and a 12-month high of $48.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87.
SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. equities analysts forecast that SS&C Technologies will post 1.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. SS&C Technologies’s payout ratio is currently 26.67%.
SSNC has been the topic of several research analyst reports. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies in a research note on Tuesday, October 3rd. JPMorgan Chase & Co. downgraded SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Tuesday, December 12th. BidaskClub upgraded SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup upgraded SS&C Technologies to a “strong-buy” rating and increased their target price for the stock from $43.00 to $46.00 in a research report on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $44.09.
In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $40.39, for a total value of $807,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 60,000 shares of company stock worth $2,414,600. Insiders own 17.60% of the company’s stock.
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About SS&C Technologies
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.
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