Atlatl Advisers LLC Grows Stake in SS&C Technologies Holdings, Inc. $SSNC

Atlatl Advisers LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,375 shares of the technology company’s stock after purchasing an additional 234 shares during the quarter. Atlatl Advisers LLC’s holdings in SS&C Technologies were worth $528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock worth $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new position in SS&C Technologies in the first quarter worth $29,000. N.E.W. Advisory Services LLC purchased a new position in SS&C Technologies in the first quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of SS&C Technologies during the first quarter valued at $30,000. Finally, SVB Wealth LLC purchased a new stake in shares of SS&C Technologies during the first quarter valued at $33,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSNC. DA Davidson set a $102.00 price objective on shares of SS&C Technologies in a report on Friday. Royal Bank Of Canada boosted their price objective on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a report on Saturday. Finally, Morgan Stanley boosted their price objective on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $100.38.

SS&C Technologies Trading Up 4.6%

NASDAQ SSNC opened at $84.63 on Friday. The company has a market capitalization of $20.67 billion, a PE ratio of 25.11 and a beta of 1.23. The company has a fifty day moving average of $86.86 and a 200 day moving average of $82.92. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s payout ratio is currently 32.05%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.