News headlines about SS&C Technologies (NASDAQ:SSNC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SS&C Technologies earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.4213877816162 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
A number of analysts have commented on SSNC shares. BidaskClub cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Saturday, January 6th. JPMorgan Chase upgraded shares of SS&C Technologies from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target (up previously from $44.00) on shares of SS&C Technologies in a research note on Friday, January 12th. Finally, Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.70.
NASDAQ:SSNC traded up $0.52 during mid-day trading on Tuesday, reaching $51.23. 1,882,488 shares of the company’s stock were exchanged, compared to its average volume of 1,915,232. SS&C Technologies has a one year low of $35.74 and a one year high of $53.99. The firm has a market cap of $11,924.67, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 0.81.
SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. SS&C Technologies had a net margin of 19.63% and a return on equity of 15.39%. The business had revenue of $439.40 million for the quarter, compared to analyst estimates of $433.44 million. During the same period last year, the firm earned $0.46 earnings per share. SS&C Technologies’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that SS&C Technologies will post 2.11 EPS for the current year.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $49.73, for a total transaction of $994,600.00. Following the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $994,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.50% of the stock is currently owned by company insiders.
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About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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