SS&C Technologies Holdings Inc. (NASDAQ:SSNC)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Wednesday.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P purchased a new position in SS&C Technologies Holdings during the fourth quarter worth $2,172,000. Massachusetts Financial Services Co. MA increased its position in SS&C Technologies Holdings by 14.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,607,940 shares of the company’s stock worth $109,774,000 after buying an additional 197,194 shares during the period. Ameriprise Financial Inc. increased its position in SS&C Technologies Holdings by 34.9% in the fourth quarter. Ameriprise Financial Inc. now owns 80,643 shares of the company’s stock worth $5,505,000 after buying an additional 20,844 shares during the period. RS Investment Management Co. LLC increased its position in SS&C Technologies Holdings by 81.5% in the fourth quarter. RS Investment Management Co. LLC now owns 221,460 shares of the company’s stock worth $15,119,000 after buying an additional 99,430 shares during the period. Finally, Airain ltd purchased a new position in SS&C Technologies Holdings during the fourth quarter worth $1,542,000.
A number of other equities research analysts have also commented on SSNC. Zacks Investment Research lowered SS&C Technologies Holdings from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 9th. Morgan Stanley started coverage on SS&C Technologies Holdings in a research report on Wednesday, April 13th. They issued an “equal weight” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of SS&C Technologies Holdings in a research report on Saturday, May 7th. Royal Bank Of Canada started coverage on SS&C Technologies Holdings in a research report on Friday, May 13th. They issued an “outperform” rating and a $72.00 price target on the stock. Finally, Deutsche Bank AG reduced their price target on SS&C Technologies Holdings from $63.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. SS&C Technologies Holdings has a consensus rating of “Buy” and an average target price of $68.36.
In related news, CFO Patrick J. Pedonti sold 14,467 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $61.54, for a total transaction of $890,299.18. Following the transaction, the chief financial officer now directly owns 14,467 shares of the company’s stock, valued at approximately $890,299.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $59.15, for a total value of $1,183,000.00. Following the transaction, the chief executive officer now directly owns 15,231,295 shares in the company, valued at $900,931,099.25. The disclosure for this sale can be found here.
SS&C Technologies Holdings (NASDAQ:SSNC) traded up 0.39% on Wednesday, reaching $31.17. The company’s stock had a trading volume of 339,613 shares. The company has a market cap of $6.20 billion and a P/E ratio of 537.41. SS&C Technologies Holdings has a 52-week low of $23.61 and a 52-week high of $38.60. The firm’s 50-day moving average price is $29.80 and its 200 day moving average price is $30.16.
SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company earned $384.40 million during the quarter, compared to the consensus estimate of $377.12 million. The company’s quarterly revenue was up 80.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Equities analysts anticipate that SS&C Technologies Holdings will post $1.61 EPS for the current fiscal year.
SS&C Technologies Holdings, Inc (SS&C Holdings) is a holding company, which provides software products and software-enabled services. The Company operates primarily through its subsidiary, SS&C Technologies, Inc The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services, and product support.