Media stories about SS&C Technologies (NASDAQ:SSNC) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring 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 nearest to one being the most favorable. SS&C Technologies earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.6845438622235 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- SS&C Technologies: Misunderstood Model, Proven Track Record Point To Upside – Seeking Alpha (seekingalpha.com)
- Here’s What to Focus on – SS&C Technologies Holdings Inc (NASDAQ: SSNC) – Stocks Pen (stockspen.com)
- SS&C Technologies Holdings, Inc. (SSNC) finishes with 1.34% while stock price is worth at $49.95 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Business Software & Services Stocks’ Research Reports Released on Microsoft, NetScout Systems, SS&C … – PR Newswire (press release) (prnewswire.com)
- Report: Exploring Fundamental Drivers Behind Twin Disc, Federated National Holding, CrossAmerica Partners LP, Genesco, SS&C Technologies, and AGCO — New Horizons, Emerging Trends, and Upcoming Developments (finance.yahoo.com)
Shares of SS&C Technologies (NASDAQ:SSNC) traded down $0.64 during midday trading on Friday, hitting $48.94. The stock had a trading volume of 679,594 shares, compared to its average volume of 2,430,878. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies has a 1-year low of $32.13 and a 1-year high of $51.39. The firm has a market cap of $10,350.68 and a price-to-earnings ratio of 46.61.
A number of equities research analysts have issued reports on SSNC shares. Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. JPMorgan Chase & Co. lowered SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Tuesday, December 12th. BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Friday, January 12th. Finally, Citigroup raised SS&C Technologies to a “strong-buy” rating and increased their price target for the company from $43.00 to $46.00 in a research report on Tuesday, November 21st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. SS&C Technologies currently has an average rating of “Buy” and an average price target of $49.55.
In other news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.69, for a total transaction of $813,800.00. Following the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $712,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.60% of the stock is currently owned by company insiders.
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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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