SS&C Technologies Holdings (SSNC) is Initiated by RBC Capital Mkts to Outperform, Price Target at $72

SS&C Technologies Holdings (SSNC) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $72. RBC Capital Mkts advised their investors in a research report released on May 13, 2016.

Many Wall Street Analysts have commented on SS&C Technologies Holdings. SS&C Technologies Holdings was Initiated by Morgan Stanley to “Equal-Weight” on Apr 13, 2016. Morgan Stanley Initiated SS&C Technologies Holdings on Mar 29, 2016 to “Equal-Weight”, Price Target of the shares are set at $68.

On the company’s financial health, SS&C Technologies Holdings reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.72. The company had revenue of $324.13 million for the quarter, compared to analysts expectations of $330.10 million. The company’s revenue was up 57.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

SS&C Technologies Holdings opened for trading at $57.88 and hit $59.32 on the upside on Tuesday, eventually ending the session at $59.22, with a gain of 2.63% or 1.52 points. The heightened volatility saw the trading volume jump to 9,97,540 shares. Company has a market cap of $5,869 M.

In a different news, on May 3, 2016, Patrick J Pedonti (SVP and CFO) sold 15,000 shares at $61.85 per share price. According to the SEC, on Feb 22, 2016, Jonathan E Michael (director) purchased 5,000 shares at $57.59 per share price. On Feb 18, 2016, Michael Jay Zamkow (director) purchased 9,000 shares at $56.90 per share price, according to the Form-4 filing with the securities and exchange commission.

SS&C Technologies Holdings Inc. (SS&C Holdings) is a holding company which provides software products and software-enabled services. The Company operates primarily through its subsidiary SS&C Technologies Inc. The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services and product support. The Company’s software products and software-enabled services automates and integrates 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. Its other subsidiaries include Advent Software Inc. and GlobeOp Financial Services S.A. and Prime Management Limited among others.

SS&C Technologies Holdings

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