SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Has Average Price Target of $96.57

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $96.57.

Several brokerages recently weighed in on SSNC. Zacks Research downgraded shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. BWS Financial reaffirmed a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. UBS Group reiterated a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th.

SS&C Technologies Stock Down 0.3%

NASDAQ:SSNC opened at $80.39 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $81.37 and its two-hundred day moving average is $74.37. SS&C Technologies has a twelve month low of $61.40 and a twelve month high of $89.93. The company has a market cap of $18.86 billion, a PE ratio of 23.10 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that SS&C Technologies will post 6.30 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s payout ratio is 34.48%.

Institutional Trading of SS&C Technologies

Hedge funds have recently modified their holdings of the stock. Covestor Ltd raised its stake in shares of SS&C Technologies by 83.0% during the 3rd quarter. Covestor Ltd now owns 1,804 shares of the technology company’s stock worth $139,000 after buying an additional 818 shares during the period. Ascent Group LLC grew its stake in SS&C Technologies by 19.0% in the 3rd quarter. Ascent Group LLC now owns 5,541 shares of the technology company’s stock valued at $427,000 after acquiring an additional 886 shares during the period. Pzena Investment Management LLC grew its stake in SS&C Technologies by 18.6% in the 3rd quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock valued at $1,009,141,000 after acquiring an additional 2,057,251 shares during the period. Rakuten Investment Management Inc. increased its holdings in SS&C Technologies by 12.7% in the 3rd quarter. Rakuten Investment Management Inc. now owns 13,702 shares of the technology company’s stock worth $1,063,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new stake in SS&C Technologies in the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.