Needham & Company LLC Reiterates Buy Rating for SS&C Technologies Holdings, Inc. (SSNC)

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a report released on Friday, October 27th.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Morgan Stanley boosted their price target on SS&C Technologies Holdings from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 price target (up previously from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.11.

Shares of SS&C Technologies Holdings (SSNC) traded down $0.15 during trading hours on Friday, hitting $39.86. The company had a trading volume of 461,900 shares, compared to its average volume of 1,037,087. The stock has a market cap of $8,236.49, a P/E ratio of 22.86, a P/E/G ratio of 1.52 and a beta of 1.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings has a 1-year low of $28.43 and a 1-year high of $42.48.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. SS&C Technologies Holdings had a return on equity of 15.32% and a net margin of 13.47%. The company had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. During the same period in the previous year, the business earned $0.42 EPS. SS&C Technologies Holdings’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts expect that SS&C Technologies Holdings will post 1.78 EPS for the current year.

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In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.56, for a total value of $1,156,800.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $1,156,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $39.65, for a total value of $793,000.00. Following the completion of the transaction, the chief financial officer now owns 20,000 shares in the company, valued at $793,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,000 shares of company stock valued at $4,296,100. 17.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of SSNC. Comerica Bank raised its stake in shares of SS&C Technologies Holdings by 1.1% in the 1st quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock valued at $302,000 after purchasing an additional 89 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of SS&C Technologies Holdings by 4.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 120,042 shares of the technology company’s stock valued at $4,249,000 after purchasing an additional 4,608 shares during the period. Karp Capital Management Corp acquired a new stake in shares of SS&C Technologies Holdings in the first quarter valued at about $340,000. Prudential Financial Inc. acquired a new stake in shares of SS&C Technologies Holdings in the first quarter valued at about $1,301,000. Finally, SG Americas Securities LLC acquired a new stake in shares of SS&C Technologies Holdings in the first quarter valued at about $119,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Holdings 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.

Analyst Recommendations for SS&C Technologies Holdings (NASDAQ:SSNC)

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