By otakuyassine3@gmail.com 
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $80.73 and last traded at $80.46, with a volume of 588443 shares changing hands. The stock had previously closed at $79.98.
Analysts Set New Price Targets
SSNC has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James upped their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $77.75.
Check Out Our Latest Stock Analysis on SS&C Technologies
SS&C Technologies Price Performance
The firm has a market capitalization of $19.87 billion, a P/E ratio of 28.75 and a beta of 1.37. The stock’s 50 day simple moving average is $76.51 and its 200 day simple moving average is $74.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.
Insider Activity
In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in SS&C Technologies in the fourth quarter worth about $65,000. Capital Performance Advisors LLP purchased a new position in shares of SS&C Technologies in the 3rd quarter valued at approximately $68,000. Versant Capital Management Inc boosted its stake in SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after purchasing an additional 233 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SS&C Technologies during the 3rd quarter worth approximately $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of SS&C Technologies in the third quarter worth $89,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.
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