BTIG Research started coverage on shares of SS&C Technologies (NASDAQ:SSNC) in a report published on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $72.00 price target on the technology company’s stock.

SSNC has been the topic of several other research reports. JPMorgan Chase & Co. set a $69.00 price objective on SS&C Technologies and gave the stock a buy rating in a research report on Friday, November 1st. Zacks Investment Research upgraded SS&C Technologies from a hold rating to a buy rating and set a $65.00 price objective on the stock in a research report on Thursday, November 7th. BidaskClub upgraded SS&C Technologies from a hold rating to a buy rating in a research report on Saturday. Royal Bank of Canada set a $70.00 price objective on SS&C Technologies and gave the stock a buy rating in a research report on Friday, November 1st. Finally, Deutsche Bank upped their price objective on SS&C Technologies from $64.00 to $75.00 and gave the stock a buy rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. SS&C Technologies has a consensus rating of Buy and a consensus price target of $68.23.

Shares of NASDAQ:SSNC opened at $62.16 on Monday. SS&C Technologies has a twelve month low of $42.51 and a twelve month high of $67.73. The company’s 50 day moving average is $60.61 and its 200 day moving average is $54.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.64. The company has a market cap of $15.81 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.79 EPS. SS&C Technologies’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts predict that SS&C Technologies will post 3.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.125 per share. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.80%. SS&C Technologies’s dividend payout ratio (DPR) is 19.08%.

In other news, CEO William C. Stone sold 255,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $58.84, for a total transaction of $15,004,200.00. Following the transaction, the chief executive officer now owns 31,931,624 shares in the company, valued at approximately $1,878,856,756.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 142 shares of company stock worth $8,373 in the last quarter. Insiders own 14.50% of the company’s stock.

Several large investors have recently made changes to their positions in SSNC. Banco de Sabadell S.A purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at approximately $52,000. Quadrant Capital Group LLC lifted its position in shares of SS&C Technologies by 815.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,227 shares of the technology company’s stock valued at $62,000 after buying an additional 1,093 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of SS&C Technologies by 2,790.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,243 shares of the technology company’s stock valued at $72,000 after buying an additional 1,200 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of SS&C Technologies by 55.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the technology company’s stock valued at $93,000 after buying an additional 645 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at approximately $100,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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

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