SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $95.00

SS&C Technologies (NASDAQ:SSNC) had its price objective lifted by Raymond James from $85.00 to $95.00 in a research report report published on Friday,Benzinga reports. Raymond James currently has a strong-buy rating on the technology company’s stock.

SSNC has been the topic of a number of other research reports. UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $88.25.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $86.71 on Friday. SS&C Technologies has a 1-year low of $59.53 and a 1-year high of $87.50. The company has a 50 day moving average of $77.51 and a 200-day moving average of $74.84. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts forecast that SS&C Technologies will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the company’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 in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of SS&C Technologies

Large investors have recently bought and sold shares of the business. Kestra Investment Management LLC bought a new position in SS&C Technologies in the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after acquiring an additional 229 shares during the period. Financial Perspectives Inc bought a new stake in SS&C Technologies in the 4th quarter valued at $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies in the 4th quarter worth $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies during the 4th quarter worth about $65,000. 96.95% of the stock is owned by institutional investors.

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.