Needham & Company LLC reiterated their buy rating on shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in a research report released on Wednesday morning. They currently have a $39.00 target price on the stock.

Several other analysts also recently issued reports on the company. Macquarie raised SS&C Technologies Holdings from a neutral rating to an outperform rating and set a $38.00 target price on the stock in a research note on Thursday, February 16th. Zacks Investment Research downgraded SS&C Technologies Holdings from a buy rating to a hold rating in a research note on Wednesday, February 1st. Finally, Jefferies Group LLC reissued a buy rating and set a $39.00 target price on shares of SS&C Technologies Holdings in a research note on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $41.57.

Shares of SS&C Technologies Holdings (NASDAQ:SSNC) opened at 36.00 on Wednesday. SS&C Technologies Holdings has a 12 month low of $26.15 and a 12 month high of $37.48. The company has a market cap of $7.31 billion, a P/E ratio of 56.25 and a beta of 1.09. The firm has a 50-day moving average price of $34.41 and a 200 day moving average price of $32.12.

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SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Wednesday, February 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $400.90 million for the quarter, compared to the consensus estimate of $399.21 million. SS&C Technologies Holdings had a return on equity of 12.92% and a net margin of 6.23%. Equities analysts predict that SS&C Technologies Holdings will post $1.93 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, February 27th. SS&C Technologies Holdings’s dividend payout ratio is presently 58.82%.

A number of institutional investors have recently added to or reduced their stakes in SSNC. Norges Bank purchased a new position in SS&C Technologies Holdings during the fourth quarter valued at $40,938,000. WFG Advisors LP purchased a new position in SS&C Technologies Holdings during the fourth quarter valued at $666,000. Putnam Investments LLC boosted its position in SS&C Technologies Holdings by 12.2% in the fourth quarter. Putnam Investments LLC now owns 759,748 shares of the company’s stock valued at $21,729,000 after buying an additional 82,776 shares in the last quarter. Numeric Investors LLC purchased a new position in SS&C Technologies Holdings during the fourth quarter valued at $887,000. Finally, Thrivent Financial for Lutherans boosted its position in SS&C Technologies Holdings by 8.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,400 shares of the company’s stock valued at $5,102,000 after buying an additional 14,200 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

SS&C Technologies Holdings Company Profile

SS&C Technologies Holdings, Inc (SS&C Holdings) is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

5 Day Chart for NASDAQ:SSNC

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