Somewhat Positive Press Coverage Somewhat Unlikely to Impact SS&C Technologies Holdings (SSNC) Share Price
News stories about SS&C Technologies Holdings (NASDAQ:SSNC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SS&C Technologies Holdings earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.025519202489 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of SS&C Technologies Holdings (SSNC) traded down $0.15 during mid-day trading on Monday, hitting $39.86. The company’s stock had a trading volume of 461,900 shares, compared to its average volume of 1,037,087. SS&C Technologies Holdings has a twelve month low of $28.43 and a twelve month high of $42.48. The stock has a market cap of $8,205.61, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87.
SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies Holdings had a return on equity of 15.32% and a net margin of 13.47%. The business had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts forecast that SS&C Technologies Holdings will post 1.78 EPS for the current fiscal year.
A number of research firms recently issued reports on SSNC. Morgan Stanley boosted their price objective on SS&C Technologies Holdings from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of SS&C Technologies Holdings in a report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a report on Friday, October 27th. Finally, BidaskClub cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.11.
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In related news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,156,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total value of $793,000.00. Following the sale, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $793,000. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $4,296,100 over the last 90 days. 17.60% of the stock is currently owned by company insiders.
SS&C Technologies Holdings Company Profile
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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