SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Has Consensus Price Target of $96.57 According to Analysts

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $96.57.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Evercore upgraded SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. DA Davidson upped their target price on SS&C Technologies from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th.

Institutional Investors Weigh In On SS&C Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. BlackRock Inc. acquired a new stake in shares of SS&C Technologies in the 2nd quarter worth $1,043,987,000. Pzena Investment Management LLC lifted its stake in SS&C Technologies by 18.6% in the third quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock worth $1,009,141,000 after acquiring an additional 2,057,251 shares during the last quarter. Swedbank AB lifted its stake in SS&C Technologies by 15.0% in the first quarter. Swedbank AB now owns 4,307,795 shares of the technology company’s stock valued at $291,078,000 after buying an additional 563,196 shares during the last quarter. Dimensional Fund Advisors LP grew its position in SS&C Technologies by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock worth $210,508,000 after buying an additional 60,089 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth about $178,337,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $80.39 on Wednesday. The firm’s 50 day moving average price is $81.37 and its 200 day moving average price is $74.37. The firm has a market cap of $18.86 billion, a P/E ratio of 23.10 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies has a 1 year low of $61.40 and a 1 year high of $89.93.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that SS&C Technologies will post 6.30 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 1st. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s dividend payout ratio is 34.48%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.