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 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.