Morgan Stanley Maintains SS&C Technologies Holdings to Equal-weight with Price Target $37.00

Brokerage firm Morgan Stanley Maintains its rating on SS&C Technologies Holdings(NASDAQ:SSNC). In a research note issued to the investors, the brokerage major Raises the price-target to $37.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On Jul 11, 2016, Deutsche Bank said it Maintains its rating on SS&C Technologies Holdings. In the research note, the firm Lowers the price-target to $63.00 per share. The shares have been rated ‘Hold’ by the firm. RBC Capital said it Initiates Coverage on SS&C Technologies Holdings, according to a research note issued on May 13, 2016. The shares have been rated ‘Buy’ by the firm.

SS&C Technologies Holdings (SSNC) made into the market gainers list on Thursdays trading session with the shares advancing 0.96% or 0.3 points. Due to strong positive momentum, the stock ended at $31.57, which is also near the day’s high of $31.68. The stock began the session at $31.31 and the volume stood at 10,29,865 shares. The 52-week high of the shares is $38.595 and the 52 week low is $23.615. The company has a current market capitalization of $6,258 M and it has 19,82,15,420 shares in outstanding.

SS&C Technologies Holdings(SSNC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $384.41M. Analysts had an estimated revenue of $376.85M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Normand A Boulanger (President and COO) sold 49,231 shares at $61.57 per share price.Also, On Jun 2, 2016, Patrick J Pedonti (SVP and CFO) sold 14,467 shares at $61.54 per share price.On May 12, 2016, William C Stone (director officer 10% owner (Chairman of the Board) sold 20,000 shares at $59.15 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.

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