SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Given Consensus Recommendation of “Moderate Buy” by Analysts – Defense World
Posted by admin on Jul 11th, 2022 
Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $89.44.
A number of equities research analysts have recently issued reports on SSNC shares. Raymond James reduced their price target on shares of SS&C Technologies from $95.00 to $93.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 5th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. Finally, Piper Sandler dropped their price objective on shares of SS&C Technologies from $89.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th.
Shares of NASDAQ:SSNC opened at $59.97 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. The company has a market cap of $15.28 billion, a P/E ratio of 20.12 and a beta of 1.53. SS&C Technologies has a 52 week low of $54.59 and a 52 week high of $84.85. The company has a 50-day moving average price of $60.80 and a 200 day moving average price of $71.20.
SS&C Technologies (NASDAQ:SSNC – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The technology company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. SS&C Technologies had a net margin of 15.59% and a return on equity of 20.78%. SS&C Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Analysts expect that SS&C Technologies will post 4.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.33%. SS&C Technologies’s payout ratio is 26.85%.
Several large investors have recently bought and sold shares of the stock. Redpoint Investment Management Pty Ltd lifted its holdings in SS&C Technologies by 8.1% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 9,535 shares of the technology company’s stock worth $554,000 after buying an additional 711 shares in the last quarter. DnB Asset Management AS lifted its holdings in SS&C Technologies by 5.8% in the 2nd quarter. DnB Asset Management AS now owns 49,092 shares of the technology company’s stock worth $2,851,000 after buying an additional 2,680 shares in the last quarter. American Trust lifted its holdings in SS&C Technologies by 26.3% in the 1st quarter. American Trust now owns 3,499 shares of the technology company’s stock worth $262,000 after buying an additional 728 shares in the last quarter. Bank of America Corp DE lifted its holdings in SS&C Technologies by 3.7% in the 1st quarter. Bank of America Corp DE now owns 2,136,284 shares of the technology company’s stock worth $160,264,000 after buying an additional 77,069 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of SS&C Technologies by 117.8% in the 1st quarter. Verition Fund Management LLC now owns 160,918 shares of the technology company’s stock worth $12,072,000 after purchasing an additional 87,024 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
SS&C Technologies Company Profile (Get Rating)
SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.
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