SS&C Technologies (SSNC) PT Raised to $54.00 at DA Davidson

SS&C Technologies (NASDAQ:SSNC) had its price objective boosted by analysts at DA Davidson to $54.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s target price would suggest a potential upside of 7.27% from the stock’s current price.

Other analysts have also recently issued reports about the stock. UBS Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of SS&C Technologies in a research note on Thursday, December 14th. Needham & Company LLC reiterated a “buy” rating on shares of SS&C Technologies in a report on Friday, October 27th. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Saturday, January 6th. Finally, BidaskClub upgraded shares of SS&C Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.45.

Shares of SS&C Technologies (SSNC) opened at $50.34 on Friday. The company has a market cap of $10,360.00, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies has a 12 month low of $30.81 and a 12 month high of $51.39.

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

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.69, for a total value of $813,800.00. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at approximately $712,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 60,000 shares of company stock worth $2,414,600 in the last quarter. 17.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in SS&C Technologies in the 4th quarter worth $3,870,000. Three Peaks Capital Management LLC lifted its holdings in SS&C Technologies by 53.9% in the 3rd quarter. Three Peaks Capital Management LLC now owns 166,188 shares of the technology company’s stock worth $5,343,000 after buying an additional 58,188 shares in the last quarter. State Street Corp increased its position in shares of SS&C Technologies by 20.9% in the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock worth $115,706,000 after purchasing an additional 521,727 shares during the last quarter. Gerstein Fisher increased its position in shares of SS&C Technologies by 0.8% in the 3rd quarter. Gerstein Fisher now owns 4,251 shares of the technology company’s stock worth $298,000 after purchasing an additional 35 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SS&C Technologies by 12.2% in the 1st quarter. JPMorgan Chase & Co. now owns 276,206 shares of the technology company’s stock worth $9,777,000 after purchasing an additional 30,059 shares during the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

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SS&C Technologies Company Profile

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 (NASDAQ:SSNC)