SS&C Technologies (NASDAQ:SSNC) Downgraded to “Market Perform” at William Blair

William Blair lowered shares of SS&C Technologies (NASDAQ:SSNC) from an outperform rating to a market perform rating in a research note released on Tuesday, January 16th, MarketBeat Ratings reports. William Blair also issued estimates for SS&C Technologies’ Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.19 EPS.

A number of other research firms have also issued reports on SSNC. Needham & Company LLC restated a buy rating and issued a $60.00 price target (up from $44.00) on shares of SS&C Technologies in a research report on Friday, January 12th. Jefferies Group restated a buy rating on shares of SS&C Technologies in a research report on Friday, January 12th. DA Davidson upped their price objective on SS&C Technologies to $54.00 and gave the company a buy rating in a report on Friday, January 12th. Royal Bank of Canada upped their price objective on SS&C Technologies to $60.00 and gave the company an outperform rating in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. upgraded SS&C Technologies from a neutral rating to an overweight rating in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $49.55.

SS&C Technologies (NASDAQ:SSNC) traded up $0.41 during trading hours on Tuesday, reaching $48.15. The company’s stock had a trading volume of 2,407,594 shares, compared to its average volume of 1,843,303. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market cap of $9,912.21, a price-to-earnings ratio of 45.86, a P/E/G ratio of 1.52 and a beta of 1.32. SS&C Technologies has a 52 week low of $32.15 and a 52 week high of $51.39.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $49.73, for a total transaction of $994,600.00. Following the sale, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $994,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 60,000 shares of company stock worth $2,616,200 over the last 90 days. 17.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of SS&C Technologies by 5,137.5% during the second quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after acquiring an additional 19,739,127 shares during the period. Vanguard Group Inc. increased its position in shares of SS&C Technologies by 2.6% during the second quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock worth $529,806,000 after acquiring an additional 343,969 shares during the period. BlackRock Inc. increased its position in shares of SS&C Technologies by 4.5% during the second quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock worth $330,563,000 after acquiring an additional 373,193 shares during the period. State Street Corp increased its holdings in SS&C Technologies by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in SS&C Technologies by 66.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,671,877 shares of the technology company’s stock valued at $108,158,000 after buying an additional 1,064,603 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for SS&C Technologies (NASDAQ:SSNC)

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