SS&C Technologies (NASDAQ:SSNC) had its target price raised by Raymond James from $63.00 to $67.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. They currently have a strong-buy rating on the technology company’s stock.
A number of other equities analysts have also recently commented on the company. Jefferies Financial Group decreased their price target on SS&C Technologies from $61.00 to $59.00 and set a hold rating on the stock in a research note on Monday, May 4th. Zacks Investment Research raised shares of SS&C Technologies from a sell rating to a hold rating in a research note on Saturday, July 4th. Needham & Company LLC increased their price target on shares of SS&C Technologies from $65.00 to $68.00 and gave the company a buy rating in a research report on Wednesday. Royal Bank of Canada restated a buy rating and issued a $62.00 price objective on shares of SS&C Technologies in a research report on Thursday, April 23rd. Finally, UBS Group reduced their price target on SS&C Technologies from $72.00 to $66.00 and set a buy rating on the stock in a report on Friday, May 1st. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $66.75.
SSNC stock opened at $57.50 on Wednesday. The firm has a market cap of $14.73 billion, a P/E ratio of 30.10 and a beta of 1.49. The firm’s fifty day moving average is $56.68 and its 200 day moving average is $55.55. SS&C Technologies has a 52 week low of $29.51 and a 52 week high of $66.74. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.06 and a current ratio of 1.06.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.14. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SS&C Technologies had a return on equity of 20.41% and a net margin of 10.85%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. As a group, analysts forecast that SS&C Technologies will post 3.66 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its position in shares of SS&C Technologies by 188.9% during the first quarter. Jacobi Capital Management LLC now owns 650 shares of the technology company’s stock valued at $28,000 after purchasing an additional 425 shares in the last quarter. Bellevue Asset Management LLC lifted its position in SS&C Technologies by 65.1% during the first quarter. Bellevue Asset Management LLC now owns 720 shares of the technology company’s stock valued at $37,000 after buying an additional 284 shares during the period. Ameritas Investment Company LLC purchased a new position in SS&C Technologies during the first quarter valued at $35,000. Signaturefd LLC boosted its holdings in shares of SS&C Technologies by 308.2% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the technology company’s stock valued at $56,000 after buying an additional 755 shares in the last quarter. Finally, CWM Advisors LLC purchased a new stake in shares of SS&C Technologies in the 1st quarter worth about $45,000. Institutional investors own 81.20% of the company’s stock.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
Read More: Dividend Achievers
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.