Analyst Rating Update on SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (NASDAQ:SSNC) : 11 analysts are covering SS&C Technologies Holdings (NASDAQ:SSNC) and their average rating on the stock is 1.82, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. SS&C Technologies Holdings (NASDAQ:SSNC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

SS&C Technologies Holdings (NASDAQ:SSNC) : Average target price received by SS&C Technologies Holdings (NASDAQ:SSNC) is $35.5 with an expected standard deviation of $2.09. The most aggressive target on the stock is $38, whereas the most downbeat target is $32. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, RBC Capital initiates coverage on SS&C Technologies Holdings (NASDAQ:SSNC). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $72 per share. The rating by the firm was issued on May 13, 2016.

SS&C Technologies Holdings (NASDAQ:SSNC): stock turned positive on Tuesday. Though the stock opened at $26.46, the bulls momentum made the stock top out at $27.47 level for the day. The stock recorded a low of $26.15 and closed the trading day at $27.27, in the green by 3.10%. The total traded volume for the day was 1,430,931. The stock had closed at $26.45 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Boulanger Normand A, director officer (President and COO) of Ss&C Technologies Holdings Inc, had unloaded 49,231 shares at an average price of $61.57 in a transaction dated on June 6, 2016. The total value of the transaction was worth $3,031,153.

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.

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