SS&C Technologies (SSNC) Upgraded at BidaskClub

SS&C Technologies (NASDAQ:SSNC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts also recently issued research reports about the stock. DA Davidson initiated coverage on shares of SS&C Technologies in a research report on Thursday, September 14th. They set a “buy” rating and a $43.00 target price for the company. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Saturday. UBS Group reissued a “buy” rating and set a $49.00 target price on shares of SS&C Technologies in a research report on Thursday, December 14th. Needham & Company LLC reissued a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. Finally, Jefferies Group reissued a “buy” rating on shares of SS&C Technologies in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.09.

SS&C Technologies (SSNC) traded up $0.39 during midday trading on Friday, hitting $41.85. 526,282 shares of the stock were exchanged, compared to its average volume of 798,313. The firm has a market cap of $8,700.00, a P/E ratio of 39.86, a P/E/G ratio of 1.37 and a beta of 1.08. SS&C Technologies has a one year low of $29.54 and a one year high of $42.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. analysts expect that SS&C Technologies will post 1.78 EPS for the current fiscal year.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total value of $807,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 60,000 shares of company stock valued at $2,414,600. 17.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC boosted its holdings in SS&C Technologies by 5,137.5% in the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after acquiring an additional 19,739,127 shares during the period. Frontier Capital Management Co. LLC purchased a new position in SS&C Technologies in the 3rd quarter worth approximately $64,532,000. Findlay Park Partners LLP purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $61,513,000. Atlantic Trust Group LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at approximately $55,411,000. Finally, Koch Industries Inc. purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $719,000. Hedge funds and other institutional investors own 86.13% of the company’s stock.

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About SS&C Technologies

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.

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

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