Brokerage firm Morgan Stanley Upgrades 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 $39.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Sep 27, 2016.
In a different note, On Jul 28, 2016, Morgan Stanley said it Maintains its rating on SS&C Technologies Holdings. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Equal-weight’ by the firm. 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.
SS&C Technologies Holdings (SSNC) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.09% at a volume of 9,81,649. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.41. The peak price level was also seen at $32.41 while the days lowest was $31.77. Finally the shares closed at $32.15. The 52-week high of the shares is $38.595 while the 52-week low is $23.615. According to the latest information available, the market cap of the company is $6,467 M.
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 Aug 3, 2016, Normand A Boulanger (President and COO) sold 227,284 shares at $31.37 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 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.