SS&C Technologies (NASDAQ:SSNC) Price Target Raised to $93.00 at UBS Group

SS&C Technologies (NASDAQ:SSNC) had its price target increased by research analysts at UBS Group from $92.00 to $93.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 13.50% from the stock’s current price.

A number of other research firms have also weighed in on SSNC. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson restated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James upped their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $94.00 in a research report on Monday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $83.88.

SS&C Technologies Stock Up 1.2 %

NASDAQ:SSNC traded up $0.99 during mid-day trading on Monday, hitting $81.94. 435,726 shares of the company’s stock were exchanged, compared to its average volume of 1,173,376. The company has a market cap of $20.29 billion, a PE ratio of 29.34 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies has a one year low of $59.53 and a one year high of $81.99. The business has a fifty day moving average price of $77.15 and a 200 day moving average price of $74.54.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the firm’s 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 sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,000 shares of company stock valued at $34,461,478. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its position in shares of SS&C Technologies by 42.8% during the second quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock valued at $548,000 after buying an additional 2,618 shares during the last quarter. Creative Planning grew its stake in SS&C Technologies by 9.9% during the second quarter. Creative Planning now owns 8,131 shares of the technology company’s stock valued at $510,000 after acquiring an additional 735 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in SS&C Technologies by 285.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,657 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in SS&C Technologies in the 2nd quarter worth $1,904,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of SS&C Technologies by 183.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock valued at $641,000 after purchasing an additional 6,624 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

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.