SS&C Technologies (NASDAQ:SSNC) Earns Buy (B) Rating from Weiss Ratings

SS&C Technologies (NASDAQ:SSNC)‘s stock had its “buy (b)” rating reiterated by research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Royal Bank Of Canada increased their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Needham & Company LLC raised their price objective on SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $100.38.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $84.63 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market cap of $20.67 billion, a PE ratio of 25.11 and a beta of 1.23. The company has a fifty day moving average price of $86.86 and a 200 day moving average price of $82.96. SS&C Technologies has a 1-year low of $66.83 and a 1-year high of $91.07.

Institutional Trading of SS&C Technologies

A number of large investors have recently added to or reduced their stakes in SSNC. Caldwell Trust Co acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $27,000. Larson Financial Group LLC lifted its stake in SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in SS&C Technologies in the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $29,000. Finally, Elequin Capital LP acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.