SS&C Technologies Holdings (SSNC) is Upgraded by Morgan Stanley to Overweight

SS&C Technologies Holdings (SSNC) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 27, 2016.

Many Wall Street Analysts have commented on SS&C Technologies Holdings. Shares were Reiterated by Deutsche Bank on Jul 11, 2016 to “Hold” and Lowered the Price Target to $ 32 from a previous price target of $63 .

On the company’s financial health, SS&C Technologies Holdings reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.38. The company had revenue of $384.40 million for the quarter, compared to analysts expectations of $374.76 million. The company’s revenue was up 80.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

SS&C Technologies Holdings (SSNC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $31.96 and reached the intraday high at $32.5. The bulls started the profit booking and pushed the shares to intraday low of $31.96. The trading session was marked by a volume range of 11,95,262 shares exchanging hands. The 52-week high of the shares is $38.595 and the 52-week low is $23.615. The market cap of the company stands at $6,509 M and there are 20,11,37,800 shares in public circulation.

In a different news, on Aug 3, 2016, Normand A Boulanger (President and COO) sold 227,284 shares at $31.37 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 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

Leave a Reply

SS&C Technologies Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on SS&C Technologies Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.