SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Receives $69.44 Consensus Price Target from Brokerages

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a 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 $70.78.

A number of equities research analysts have issued reports on the company. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. Truist Financial increased their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Citigroup increased their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th.

SS&C Technologies Trading Up 0.4 %

NASDAQ:SSNC opened at $60.47 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 25.41 and a beta of 1.43. SS&C Technologies has a one year low of $46.61 and a one year high of $65.86. The business has a fifty day moving average price of $62.89 and a 200-day moving average price of $58.76.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Sell-side analysts forecast that SS&C Technologies will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SSNC. American Century Companies Inc. lifted its holdings in shares of SS&C Technologies by 18.1% in the 1st quarter. American Century Companies Inc. now owns 4,476 shares of the technology company’s stock valued at $335,000 after acquiring an additional 685 shares during the last quarter. Private Advisor Group LLC lifted its stake in SS&C Technologies by 19.1% in the first quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company’s stock worth $270,000 after purchasing an additional 577 shares during the last quarter. MetLife Investment Management LLC bought a new stake in SS&C Technologies in the first quarter worth about $336,000. Rhumbline Advisers lifted its stake in SS&C Technologies by 13.0% in the first quarter. Rhumbline Advisers now owns 210,330 shares of the technology company’s stock worth $15,779,000 after purchasing an additional 24,230 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in SS&C Technologies by 10.6% in the first quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company’s stock worth $359,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company Profile

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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.