SS&C acquires DST Systems in $5.4 billion deal


SS&C Technologies posted sales of $400.92 million in the same quarter last year, which suggests a positive year over year growth rate of 8%. The company has market cap of $5.05 billion.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, October 25th. (NASDAQ:SSNC) reported its EPS in the last quarter as $0.5/Share lagging the analyst estimate of $0.5/Share by a difference of $0. The firm had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. The Return on Equity (ROE) value stands at 9.3%.

Smith Moore & CO. boosted its stake in shares of DST Systems, Inc. During the same period in the previous year, the firm earned $1.67 EPS.

Other equities research analysts also recently issued reports about the company. 0 analysts gave its stock an Outperform rating. The rating was maintained by Morgan Stanley on Monday, October 23 with "Equal-Weight". SS&C Technologies Holdings, headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia.

SS&C Technologies Holdings Inc (SSNC.O) is in advanced talks to acquire DST Systems Inc (DST.N) for more than $5 billion, as it seeks to expand its footprint in financial technology software, Reuters reported. They now have a $60.00 price target on the technology company's stock.

Among 13 analysts covering SS&C Techs (NASDAQ:SSNC), 11 have Buy rating, 0 Sell and 2 Hold. (GRPN) stock price comparison to its moving averages, shares of company are -5.58% away from the 50-day moving average and -3.70% away from 20-day average.

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Under a definitive agreement, SS&C will pay $84 per share, plus the assumption of debt, for DST, a provider of technology, strategic advisory and business operations outsourcing to the financial services and healthcare industries. 56,808 Apple Inc. (NASDAQ:AAPL) shares with value of $8.79 million were sold by SCHILLER PHILIP W. The insider Srouji Johny sold $1.70M. Voya Inv Mgmt Ltd Liability Company owns 17,775 shares or 0% of their United States portfolio. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The company's shares opened today at $15.94, close to its 52-week high of $15.97. Company insiders own 17.60% of the company's stock. It dived, as 23 investors sold SSNC shares while 71 reduced holdings. Intrepid Mgmt Inc reported 19,764 shares or 1.24% of all its holdings. The count of Hold ratings in that period was 1. Stephens Inc acquired 42,232 shares as Brown Forman Corp (BF.B)'s stock 0.00%. DST Systems' stock price increased by $14.74 (22.6%) to close at $79.89 per share.

Sell-side analyst recommendations point to a short term price target of $16.67 on the shares of Tetraphase Pharmaceuticals, Inc. State Street Corp now owns 3,012,292 shares of the technology company's stock valued at $115,706,000 after buying an additional 521,727 shares in the last quarter. Fil Limited has invested 0.03% in SS&C Technologies Holdings, Inc. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. Burgundy Asset Management Ltd. now owns 2,652,366 shares of the technology company's stock valued at $106,492,000 after purchasing an additional 68,110 shares during the last quarter. (NASDAQ:SSNC). Northern Trust invested in 976,204 shares or 0.01% of the stock. Verition Fund Ltd Liability Corp stated it has 0.03% in SS&C Technologies Holdings, Inc.

Caymus Capital Partners L.P. holds 7.25% of its portfolio in Callon Petroleum Company for 5.12 million shares. About 9.75 million shares traded or 2048.52% up from the average. The 1-year high was reported on Jan, 11 by (NYSE:DST) on Thursday, August 31 with "Buy" rating. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

Investors sentiment decreased to 1.34 in Q3 2017.

Dividends is a reward scheme, that a company presents to its shareholders. Although DST Systems is now undervalued, the adverse prospect of negative growth brings about some degree of risk.