Insider Selling: SS&C Technologies Holdings CFO Sells 15,000 Shares of Stock (SSNC)
SS&C Technologies Holdings (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 15,000 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $45.21, for a total value of $678,150.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of SS&C Technologies Holdings (NASDAQ:SSNC) traded down 0.18% during mid-day trading on Wednesday, hitting $45.26. 68,766 shares of the company’s stock traded hands. SS&C Technologies Holdings has a 1-year low of $32.98 and a 1-year high of $46.61. The stock’s 50-day moving average is $43.60 and its 200-day moving average is $41.34. The company has a market cap of $3.753 billion and a price-to-earnings ratio of 32.00.
SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $185.80 million for the quarter, compared to the consensus estimate of $185.03 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that SS&C Technologies Holdings will post $2.31 EPS for the current fiscal year.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of SS&C Technologies Holdings in a research note on Friday, June 13th. They now have a $48.50 price target on the stock, up previously from $42.50. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.50.
SS&C Technologies Holdings, Inc (NASDAQ:SSNC) is a holding company.
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