DA Davidson initiated coverage on shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.

A number of other analysts have also recently commented on SSNC. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. BidaskClub cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $39.00 target price (up from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. SS&C Technologies Holdings currently has an average rating of “Buy” and a consensus target price of $41.25.

Shares of SS&C Technologies Holdings (NASDAQ:SSNC) traded down 0.32% on Thursday, reaching $37.95. 1,128,191 shares of the company’s stock traded hands. SS&C Technologies Holdings has a 12-month low of $28.43 and a 12-month high of $40.21. The company has a market cap of $7.79 billion, a PE ratio of 40.46 and a beta of 1.15. The stock has a 50-day moving average price of $38.16 and a 200-day moving average price of $37.46.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. SS&C Technologies Holdings’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Equities research analysts anticipate that SS&C Technologies Holdings will post $1.94 EPS for the current fiscal year.

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In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,156,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow purchased 14,275 shares of SS&C Technologies Holdings stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Company insiders own 17.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westpac Banking Corp raised its position in SS&C Technologies Holdings by 0.5% during the 1st quarter. Westpac Banking Corp now owns 17,904 shares of the technology company’s stock worth $634,000 after buying an additional 83 shares during the last quarter. Comerica Bank raised its position in SS&C Technologies Holdings by 1.1% during the 1st quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock worth $302,000 after buying an additional 89 shares during the last quarter. Utah Retirement Systems raised its position in SS&C Technologies Holdings by 0.3% during the 1st quarter. Utah Retirement Systems now owns 30,700 shares of the technology company’s stock worth $1,087,000 after buying an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in SS&C Technologies Holdings by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,817 shares of the technology company’s stock worth $646,000 after buying an additional 172 shares during the last quarter. Finally, World Asset Management Inc raised its position in SS&C Technologies Holdings by 2.4% during the 2nd quarter. World Asset Management Inc now owns 7,668 shares of the technology company’s stock worth $295,000 after buying an additional 177 shares during the last quarter. 86.91% of the stock is owned by institutional investors.

About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc 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.

The Fly

Analyst Recommendations for SS&C Technologies Holdings (NASDAQ:SSNC)

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