SS&C Technologies (NASDAQ:SSNC) Now Covered by Analysts at BTIG Research

BTIG Research assumed coverage on shares of SS&C Technologies (NASDAQ:SSNC) in a research note published on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $72.00 price target on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada set a $70.00 price objective on SS&C Technologies and gave the company a buy rating in a research report on Friday, November 1st. Deutsche Bank increased their target price on SS&C Technologies from $64.00 to $75.00 and gave the company a buy rating in a report on Friday, December 13th. Morgan Stanley increased their target price on SS&C Technologies from $57.00 to $59.00 and gave the company an equal weight rating in a report on Friday, November 1st. Needham & Company LLC restated a buy rating and issued a $65.00 target price on shares of SS&C Technologies in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded SS&C Technologies from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $68.23.

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Shares of NASDAQ:SSNC opened at $63.25 on Monday. SS&C Technologies has a one year low of $42.51 and a one year high of $67.73. The stock has a fifty day moving average of $60.74 and a 200-day moving average of $54.45. The company has a market capitalization of $15.98 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.08 and a current ratio of 1.08.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that SS&C Technologies will post 3.51 EPS for the current fiscal year.

In other news, CEO William C. Stone sold 255,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $58.84, for a total value of $15,004,200.00. Following the completion of the sale, the chief executive officer now owns 31,931,624 shares in the company, valued at $1,878,856,756.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 142 shares of company stock valued at $8,373 in the last 90 days. Corporate insiders own 14.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banco de Sabadell S.A acquired a new position in shares of SS&C Technologies in the third quarter worth $52,000. Quadrant Capital Group LLC increased its stake in shares of SS&C Technologies by 815.7% in the third quarter. Quadrant Capital Group LLC now owns 1,227 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,093 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of SS&C Technologies by 2,790.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,243 shares of the technology company’s stock worth $72,000 after acquiring an additional 1,200 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of SS&C Technologies by 55.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the technology company’s stock worth $93,000 after acquiring an additional 645 shares during the last quarter. Finally, Strategic Blueprint LLC acquired a new position in shares of SS&C Technologies in the third quarter worth $100,000. 83.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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