Asset Management One Co. Ltd. lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,815 shares of the technology company’s stock after buying an additional 11,571 shares during the quarter. Asset Management One Co. Ltd.’s holdings in SS&C Technologies were worth $8,463,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of SS&C Technologies in the 2nd quarter valued at approximately $25,000. Pension & Wealth Management Advisors Inc. purchased a new position in SS&C Technologies in the 3rd quarter valued at $29,000. Ameritas Advisory Services LLC purchased a new position in SS&C Technologies in the 2nd quarter valued at $31,000. Johnson Financial Group Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at $43,000. Finally, Westpac Banking Corp acquired a new position in SS&C Technologies in the 2nd quarter valued at $46,000. 96.90% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SSNC has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Evercore raised SS&C Technologies to an “outperform” rating in a research report on Friday, October 23rd. DA Davidson upped their price objective on shares of SS&C Technologies from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Jefferies Financial Group increased their target price on SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, BWS Financial reissued a “buy” rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $96.57.
Check Out Our Latest Research Report on SS&C Technologies
SS&C Technologies Stock Performance
SS&C Technologies stock opened at $80.39 on Friday. The stock’s 50 day moving average price is $81.37 and its 200 day moving average price is $74.37. The firm has a market capitalization of $18.86 billion, a PE ratio of 23.10 and a beta of 1.09. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current fiscal year.
SS&C Technologies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is 34.48%.
About SS&C Technologies
SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.
Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.
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