SS&C Technologies (NASDAQ:SSNC) Raised to “Buy” at Jefferies Financial Group

SS&C Technologies (NASDAQ:SSNC) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm presently has a $94.00 price target on the technology company’s stock, up from their previous price target of $70.00. Jefferies Financial Group’s target price would indicate a potential upside of 16.12% from the company’s previous close.

SSNC has been the topic of several other research reports. Raymond James increased their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $81.88.

SS&C Technologies Trading Down 0.3 %

Shares of SSNC stock opened at $80.95 on Monday. SS&C Technologies has a 12 month low of $59.53 and a 12 month high of $81.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $77.15 and its two-hundred day moving average is $74.54. The company has a market cap of $20.05 billion, a PE ratio of 29.01 and a beta of 1.38.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the firm’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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Investment Management LLC acquired a new stake in SS&C Technologies in the fourth quarter worth about $39,000. Financial Perspectives Inc acquired a new stake in SS&C Technologies in the fourth quarter worth about $51,000. CENTRAL TRUST Co acquired a new stake in SS&C Technologies in the fourth quarter worth about $65,000. Global X Japan Co. Ltd. increased its position in SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after purchasing an additional 574 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in SS&C Technologies in the third quarter worth about $68,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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.