SS&C Technologies (NASDAQ:SSNC):
SS&C Learning Institute Completes Certified Portfolio Manager Program.
The company is now up from yesterday’s close of 39.69.
SS&C Technologies Holdings, Inc., launched on July 26, 2005, is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Business’s portfolio of software products and software-enabled services allows its clients to automate and integrate 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. The Company provides its solutions across the globe to over 11,000 clients, principally within the institutional asset and wealth management, alternative investment management, financial advisory and financial institutions vertical markets. In addition, its clients include commercial lenders, real estate investment trusts (REITs), corporate treasury groups, insurance and pension funds, municipal finance groups and real estate property managers..
SS&C Technologies’s P/E ratio is 38.33 and the market cap is 8.28B. In the latest earnings report the EPS was $1.05 with 205.86M shares outstanding.
Short traders are more bullish lately if you take into consideration the fall in short interest. The company recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -5.97%. Short interest decreased 339,493 over that timeframe. The short-interest ratio decreased to 7.0 and the percentage of shorted shares is 0.03% as of October 13.
Wall Street investment firms have released ratings on the company recently. October 27 investment analysts at Needham & Company LLC maintained a “Buy” rating on the company. Morgan Stanley raised the price target of the stock on October 26 changing the forecast from $42.00 to $44.00 and issued a “Overweight” recommendation.
On October 26 DA Davidson made no change to the company rating of “Buy” targeting a price of $44.00. On October 3, 2017 Jefferies Group LLC reiterated a “Buy” rating on the stock.
Equity analyst DA Davidson updated its forecast on SSNC by announcing an initial rating of “Buy”. August 9 investment analysts at Royal Bank Of Canada kept the company rating at “Buy” projecting a price of $41.00.Advertisement