News coverage about SS&C Technologies (NASDAQ:SSNC) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SS&C Technologies earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.5066100914978 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
SSNC has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $49.00 price target on shares of SS&C Technologies in a research report on Thursday, December 14th. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. Citigroup upgraded SS&C Technologies to a “strong-buy” rating and raised their target price for the company from $43.00 to $46.00 in a research report on Tuesday, November 21st. BidaskClub downgraded SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Morgan Stanley raised their target price on SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $48.18.
SS&C Technologies (SSNC) traded down $0.87 during midday trading on Friday, hitting $49.47. The stock had a trading volume of 4,848,690 shares, compared to its average volume of 1,450,000. SS&C Technologies has a 1-year low of $30.82 and a 1-year high of $51.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $10,180.00, a P/E ratio of 47.11, a PEG ratio of 1.66 and a beta of 1.08.
SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The firm had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts forecast that SS&C Technologies will post 1.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. SS&C Technologies’s dividend payout ratio is presently 26.67%.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.69, for a total value of $813,800.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $712,075. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 60,000 shares of company stock valued at $2,414,600. Insiders own 17.60% of the company’s stock.
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About SS&C Technologies
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.
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