SS&C Technologies Holdings (SSNC) was Reiterated by Deutsche Bank to “Hold” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $63 . Deutsche Bank advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on SS&C Technologies Holdings. RBC Capital Mkts Initiated SS&C Technologies Holdings on May 13, 2016 to “Outperform”, Price Target of the shares are set at $72.SS&C Technologies Holdings was Initiated by Morgan Stanley to “Equal-Weight” on Apr 13, 2016.
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 $29.48 and hit $29.84 on the upside on Friday, eventually ending the session at $29.64, with a gain of 1.40% or 0.41 points. The heightened volatility saw the trading volume jump to 6,02,152 shares. Company has a market cap of $5,875 M.
In a different news, on Jun 8, 2016, Normand A Boulanger (President and COO) sold 49,231 shares at $61.57 per share price. According to the SEC, on Jun 2, 2016, Patrick J Pedonti (SVP and CFO) sold 14,467 shares at $61.54 per share price. On Feb 22, 2016, Jonathan E Michael (director) purchased 5,000 shares at $57.59 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 Companys 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 Companys 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.