SS&C Technologies (SSNC) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for SS&C Technologies (NASDAQ: SSNC):

  • 9/10/2018 – SS&C Technologies had its “hold” rating reaffirmed by analysts at DA Davidson. They now have a $60.00 price target on the stock.
  • 9/10/2018 – SS&C Technologies was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock, up previously from $57.00.
  • 9/7/2018 – SS&C Technologies was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $60.00 price target on the stock, down previously from $62.00.
  • 9/4/2018 – SS&C Technologies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/25/2018 – SS&C Technologies was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/9/2018 – SS&C Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2018 – SS&C Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “
  • 8/8/2018 – SS&C Technologies was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/6/2018 – SS&C Technologies had its price target raised by analysts at Needham & Company LLC to $68.00. They now have a “buy” rating on the stock.
  • 8/3/2018 – SS&C Technologies had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $64.00 price target on the stock.
  • 8/1/2018 – SS&C Technologies is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $70.00 price target on the stock.
  • 7/31/2018 – SS&C Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/27/2018 – SS&C Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SS&C Technologies Holdings, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. The Company provides a broad range of specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence. SS&C Technologies delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. The Company serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. SS&C Technologies Holdings, Inc. is headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia. “
  • 7/23/2018 – SS&C Technologies had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $62.00 price target on the stock.

Shares of SSNC stock opened at $57.66 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 1.83 and a beta of 1.19. SS&C Technologies Holdings, Inc. has a 12-month low of $37.45 and a 12-month high of $60.97.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The firm had revenue of $908.50 million during the quarter, compared to the consensus estimate of $903.63 million. SS&C Technologies had a net margin of 9.99% and a return on equity of 14.43%. The business’s revenue for the quarter was up 121.0% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 2.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 31st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.55%. SS&C Technologies’s dividend payout ratio (DPR) is 17.88%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. First Personal Financial Services raised its position in shares of SS&C Technologies by 1,543.1% in the first quarter. First Personal Financial Services now owns 1,906 shares of the technology company’s stock valued at $102,000 after buying an additional 1,790 shares in the last quarter. Squar Milner Financial Services LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $108,000. Summit Trail Advisors LLC raised its position in shares of SS&C Technologies by 17,584.8% in the first quarter. Summit Trail Advisors LLC now owns 122,556 shares of the technology company’s stock valued at $123,000 after buying an additional 121,863 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of SS&C Technologies by 3,755.1% in the second quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock valued at $196,000 after buying an additional 3,680 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $200,000. Institutional investors own 83.58% of the company’s stock.

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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