SS&C Technologies (NASDAQ:SSNC) Upgraded by StockNews.com to Strong-Buy

SS&C Technologies (NASDAQ:SSNC – Get Rating) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Several other research analysts have also commented on the stock. DA Davidson raised their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Raymond James raised their price objective on shares of SS&C Technologies from $63.00 to $74.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 8th. Credit Suisse Group lifted their price target on shares of SS&C Technologies from $78.00 to $83.00 in a research note on Friday, April 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of SS&C Technologies in a research note on Thursday, March 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of SS&C Technologies in a research note on Wednesday, March 15th. They issued an “overweight” rating and a $68.00 price target for the company. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.67.

SS&C Technologies Stock Up 1.1 %

Shares of NASDAQ SSNC traded up $0.58 during midday trading on Friday, hitting $55.21. The company’s stock had a trading volume of 1,291,382 shares, compared to its average volume of 1,240,422. The business’s fifty day simple moving average is $55.87 and its two-hundred day simple moving average is $55.61. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies has a 1 year low of $45.25 and a 1 year high of $65.92. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 23.70 and a beta of 1.42.

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. KB Financial Partners LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $26,000. Ellevest Inc. increased its holdings in shares of SS&C Technologies by 165.8% in the 1st quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Harbour Investments Inc. increased its holdings in shares of SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock valued at $29,000 after acquiring an additional 408 shares during the period. Machina Capital S.A.S. acquired a new position in shares of SS&C Technologies in the 1st quarter valued at $32,000. Finally, Natixis acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 83.14% of the company’s stock.

About SS&C Technologies

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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.