SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts have also weighed in on SSNC. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Wednesday. Zacks Investment Research raised SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Deutsche Bank AG reaffirmed a “hold” rating and set a $39.00 price objective (up previously from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of SS&C Technologies Holdings in a research report on Thursday, April 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.25.

Shares of SS&C Technologies Holdings (SSNC) traded up 1.55% during midday trading on Friday, reaching $37.36. The company’s stock had a trading volume of 332,979 shares. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 39.83 and a beta of 1.12. The stock has a 50-day moving average price of $38.81 and a 200-day moving average price of $36.61. SS&C Technologies Holdings has a 52-week low of $28.43 and a 52-week high of $40.21.

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, hitting the consensus estimate of $0.46. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The firm had revenue of $414.10 million during the quarter, compared to analyst estimates of $413.33 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings will post $1.94 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/ssc-technologies-holdings-inc-ssnc-rating-lowered-to-hold-at-bidaskclub/1472396.html.

A number of hedge funds have recently modified their holdings of the stock. Westpac Banking Corp increased its stake in shares of SS&C Technologies Holdings by 0.5% in the first quarter. Westpac Banking Corp now owns 17,904 shares of the technology company’s stock valued at $634,000 after buying an additional 83 shares in the last quarter. Comerica Bank increased its stake in shares of SS&C Technologies Holdings by 1.1% in the first quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock valued at $302,000 after buying an additional 89 shares in the last quarter. Utah Retirement Systems increased its stake in shares of SS&C Technologies Holdings by 0.3% in the first quarter. Utah Retirement Systems now owns 30,700 shares of the technology company’s stock valued at $1,087,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of SS&C Technologies Holdings by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,817 shares of the technology company’s stock valued at $646,000 after buying an additional 172 shares in the last quarter. Finally, World Asset Management Inc increased its stake in shares of SS&C Technologies Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 7,668 shares of the technology company’s stock valued at $295,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.

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.

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

Receive News & Ratings for SS&C Technologies Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.