SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives … – MarketBeat
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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) has received a consensus rating of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $64.73.
Several equities analysts have weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Credit Suisse Group lowered their price objective on shares of SS&C Technologies from $78.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Truist Financial reduced their price objective on shares of SS&C Technologies from $75.00 to $55.00 in a research note on Tuesday, December 6th. Finally, Morgan Stanley cut their target price on shares of SS&C Technologies from $65.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, October 28th.
SS&C Technologies Stock Up 0.9 %
Shares of SS&C Technologies stock opened at $51.76 on Wednesday. The company has a market capitalization of $13.04 billion, a PE ratio of 19.83 and a beta of 1.45. SS&C Technologies has a 1-year low of $45.25 and a 1-year high of $84.85. The business has a 50-day moving average of $51.11 and a 200-day moving average of $54.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.13 and a quick ratio of 1.13.
SS&C Technologies (NASDAQ:SSNC – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The technology company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. SS&C Technologies had a return on equity of 19.05% and a net margin of 13.24%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. As a group, equities analysts forecast that SS&C Technologies will post 4.25 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Wednesday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is presently 30.65%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings in shares of SS&C Technologies by 83.4% in the second quarter. Pzena Investment Management LLC now owns 8,916,391 shares of the technology company’s stock worth $517,775,000 after buying an additional 4,055,156 shares in the last quarter. BlackRock Inc. lifted its position in SS&C Technologies by 7.8% during the third quarter. BlackRock Inc. now owns 25,067,431 shares of the technology company’s stock valued at $1,196,968,000 after buying an additional 1,809,055 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of SS&C Technologies by 29.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,503,268 shares of the technology company’s stock worth $358,281,000 after purchasing an additional 1,687,932 shares during the last quarter. Capital World Investors bought a new stake in SS&C Technologies in the 1st quarter worth about $103,226,000. Finally, Boston Partners grew its stake in shares of SS&C Technologies by 15.3% during the 3rd quarter. Boston Partners now owns 7,695,276 shares of the technology company’s stock valued at $367,889,000 after purchasing an additional 1,023,361 shares during the period. Institutional investors and hedge funds own 83.14% of the company’s stock.
SS&C Technologies Company Profile
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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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