Insider Selling: SS and C Technologies Holdings CFO Unloads 15,000 Shares of Stock (SSNC)
SS and C Technologies Holdings (NASDAQ:SSNC) CFO Patrick J. Pedonti unloaded 15,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $45.97, for a total value of $689,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of SS and C Technologies Holdings from $43.00 to $45.00 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of SS and C Technologies Holdings from $46.00 to $48.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of SS and 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 assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.38.
Shares of SS and C Technologies Holdings (NASDAQ:SSNC) traded down 1.69% during mid-day trading on Thursday, hitting $44.75. The stock had a trading volume of 124,773 shares. SS and C Technologies Holdings has a 52-week low of $34.67 and a 52-week high of $46.61. The stock has a 50-day moving average of $44.11 and a 200-day moving average of $42.03. The company has a market cap of $3.737 billion and a price-to-earnings ratio of 31.70.
SS and C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $188.72 million for the quarter, compared to the consensus estimate of $189.17 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that SS and C Technologies Holdings will post $2.32 EPS for the current fiscal year.
SS&C Technologies Holdings, Inc (NASDAQ:SSNC) is a holding company.
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