Should Investors Take a Bite out of SS&C Technologies Holdings, Inc. (SSNC)?

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SS&C To Purchase Financial, Health-Care Solution Provider DST Systems For $5.4 Billion

(NASDAQ:SSNC) to announce $433.04 million in sales for the current fiscal quarter, Zacks reports. Their projections for the Next Quarter growth is 20.5 percent. The ex-dividend date is Wednesday, February 22nd. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 8.63 and a beta of 1.34. About 4.03 million shares traded.

A number of large investors have recently made changes to their positions in the stock.

DST Systems (NYSE:DST) last posted its quarterly earnings data on Friday, October 20th. After $0.47 actual earnings per share reported by SS&C Technologies Holdings, Inc. for the previous quarter, Wall Street now forecasts 4.26% EPS growth.

Analysts believe that the company has the potential to earn average revenue of $433.32 Million for the current quarter. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. Smith Moore & CO.'s holdings in DST Systems were worth $317,000 as of its most recent SEC filing.

RBC Capital analyst George Hill reiterated a Buy rating on Allscripts (NASDAQ: MDRX) yesterday and set a price target of $19. Morgan Stanley boosted their price target on SS&C Technologies from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, October 26th. "SS&C has a rich history of delivering best-in-class technology that complements DST's existing solutions, and, as part of SS&C, we will be able to advance our extensive, multi-year strategic transformation". Robert W. Baird maintained the shares of DST in report on Friday, October 20 with "Buy" rating. On Wednesday, March 2 the stock rating was downgraded by Societe Generale to "Hold". The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.80, which implies that analysts are generally bullish in their outlook for SSNC over the next year. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

SS&C's offer of US$84 in cash for each DST share represents a premium of 29 percent to the stock's close on Tuesday, a day before Reuters reported the companies were in advanced talks.

The company now has an insider ownership of 15.81 Percent and Institutional ownership of 89.4 Percent. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 976 shares of company stock worth $59,812. (NASDAQ:AAPL). Tillar owns 16,630 shares or 1.95% of their United States portfolio.

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DST shares had been trading around $66 before the report.

Director, Bryan Lowell L, purchased 319 common shares of DST Systems, Inc. According to today's trading volume SS&C Technologies Holdings, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. SS&C Technologies Holdings, Inc. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year's $3.36 per share. Finally, Fisher Asset Management LLC grew its stake in DST Systems by 11.0% in the third quarter. Hanson Mcclain invested in 6,254 shares or 0.03% of the stock. The hedge fund held 10.81M shares of the energy company at the end of 2017Q3, valued at $233.54M, up from 10.79M at the end of the previous reported quarter. Hilltop Holdings Inc holds 37,954 shares or 1.77% of its portfolio. About 1.21M shares traded or 10.71% up from the average. This technical setup was reported by Barchart.com. RBC Capital Markets maintained the stock with "Buy" rating in Monday, June 26 report. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.09 and a quick ratio of 1.09.

Investors sentiment decreased to 0.88 in Q3 2017.

Institutional investors now hold around $3.37 billion or 89.5% in DST stock. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global trademark and copyright law. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of U.S. and worldwide copyright law. Moreover, Paloma Partners Mgmt has 0.18% invested in Apple Inc.

The deal would bolster SS&C's offerings in technology infrastructure servicing financial institutions such as asset managers, but would also allow it to enter the healthcare information technology market, in which DST is active.

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