Is SS&C Techs (NASDAQ:SSNC) Now a Sell? Why did DA Davidson Downgrade The Stock?

September 8, 2018 - By Lisa Delgado

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.56, from 1.67 in 2017Q4. It worsened, as 27 investors sold SS&C Technologies Holdings, Inc. shares while 105 reduced holdings. 67 funds opened positions while 80 raised stakes. 165.20 million shares or 2.81% less from 169.98 million shares in 2017Q4 were reported.

Rhumbline Advisers invested in 0.02% or 183,595 shares. Green Square Cap Ltd Liability Corporation owns 0.06% invested in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 6,700 shares. 7,419 were accumulated by Bnp Paribas Asset Mgmt Sa. Bamco Ny has invested 1.59% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Barometer Capital Mngmt Inc owns 36,200 shares. Select Equity Gp Limited Partnership owns 0% invested in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 6.32 million shares. Alliancebernstein L P holds 0% of its portfolio in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) for 105,961 shares. Fuller Thaler Asset Management reported 1,800 shares. Connecticut-based Mark Sheptoff Fin Planning Ltd Com has invested 0.03% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Renaissance Technology, New York-based fund reported 503,600 shares. Legal General Gp Public Ltd Company holds 221,812 shares or 0.01% of its portfolio. Catalyst Capital Advisors Ltd Liability Company has invested 0.09% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Mirae Asset Glob stated it has 45,929 shares. Lpl Ltd Llc reported 0% in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). State Of Alaska Department Of Revenue accumulated 15,660 shares or 0.02% of the stock.

SS&C Techs (NASDAQ:SSNC) Receives a Downgrade

The old rating for SS&C Techs (NASDAQ:SSNC) shares of a Buy has been discontinued, as stock analysts at DA Davidson lowered the current rating for SS&C Techs (NASDAQ:SSNC) shares to a Neutral.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Ratings Coverage

Among 4 analysts covering SS&C Technologies Holdings (NASDAQ:SSNC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. SS&C Technologies Holdings has $6200 highest and $54 lowest target. $59’s average target is 10.61% above currents $53.34 stock price. SS&C Technologies Holdings had 4 analyst reports since April 27, 2018 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Monday, May 21. The company was initiated on Thursday, May 31 by Credit Suisse. The rating was initiated by Citigroup on Tuesday, June 12 with “Buy”.

The stock decreased 3.28% or $1.81 during the last trading session, reaching $53.34. About 3.02 million shares traded or 122.24% up from the average. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has risen 33.16% since September 8, 2017 and is uptrending. It has outperformed by 20.59% the S&P500.

Analysts await SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to report earnings on October, 24. They expect $0.60 EPS, up 27.66 % or $0.13 from last year’s $0.47 per share. SSNC’s profit will be $142.83 million for 22.23 P/E if the $0.60 EPS becomes a reality. After $0.52 actual EPS reported by SS&C Technologies Holdings, Inc. for the previous quarter, Wall Street now forecasts 15.38 % EPS growth.

SS&C Technologies Holdings, Inc

More recent SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) news were published by: Seekingalpha.com which released: “SS&C to acquire Intralinks” on September 06, 2018. Also Seekingalpha.com published the news titled: “SS&C declares $0.08 dividend” on August 23, 2018. Streetinsider.com‘s news article titled: “UPDATE: SS&C Technologies (SSNC) Reports Acquisition of Intralinks Holdings Inc. from Siris Capital Group Affiliates …” with publication date: September 06, 2018 was also an interesting one.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Institutional Positions Chart

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