SS&C Technologies (NASDAQ:SSNC) Reaches New 1-Year High – Should You Buy?

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) hit a new 52-week high during trading on Thursday . The company traded as high as $89.50 and last traded at $89.30, with a volume of 272661 shares trading hands. The stock had previously closed at $88.34.

Analysts Set New Price Targets

A number of brokerages recently commented on SSNC. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group upped their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Finally, DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Up 1.0 %

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $22.06 billion, a PE ratio of 29.68 and a beta of 1.38. The company’s 50 day simple moving average is $81.11 and its 200-day simple moving average is $76.71.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 474,000 shares of company stock valued at $37,492,778 in the last quarter. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after purchasing an additional 239,438 shares during the period. Janus Henderson Group PLC lifted its position in shares of SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company’s stock worth $1,257,869,000 after purchasing an additional 539,483 shares during the period. State Street Corp lifted its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares during the period. Boston Partners lifted its position in shares of SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the period. Finally, Cantillon Capital Management LLC lifted its position in shares of SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after purchasing an additional 25,895 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

About SS&C Technologies

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.