Zacks Investment Research upgraded shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) from a hold rating to a buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $43.00 price objective on the technology company’s stock.

According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “

Several other equities analysts have also recently commented on the stock. Deutsche Bank AG restated a hold rating and set a $39.00 price target (up from $35.00) on shares of SS&C Technologies Holdings in a report on Friday, July 14th. Royal Bank Of Canada restated a buy rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. BidaskClub cut shares of SS&C Technologies Holdings from a strong-buy rating to a buy rating in a report on Friday, August 4th. Finally, Needham & Company LLC restated a buy rating and set a $44.00 price target (up from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. SS&C Technologies Holdings currently has a consensus rating of Buy and an average target price of $41.25.

Shares of SS&C Technologies Holdings (NASDAQ:SSNC) traded down 0.65% on Thursday, hitting $38.46. The company had a trading volume of 225,654 shares. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 41.00 and a beta of 1.12. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $40.21. The company has a 50 day moving average of $38.49 and a 200-day moving average of $37.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, meeting the 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 analysts’ expectations of $413.33 million. During the same period in the previous year, the company posted $0.39 EPS. SS&C Technologies Holdings’s revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that SS&C Technologies Holdings will post $1.94 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. SS&C Technologies Holdings’s dividend payout ratio is currently 29.79%.

In other news, Director Michael Jay Zamkow bought 14,275 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $36.62 per share, with a total value of $522,750.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,134,900. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. raised its position in 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. raised its position 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. First Mercantile Trust Co. raised its position in shares of SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock worth $108,000 after buying an additional 2,025 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position 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. Finally, SG Americas Securities LLC bought a new position in shares of SS&C Technologies Holdings during the first quarter worth approximately $119,000. 86.91% of the stock is 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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