SS&C Technologies Holdings, Inc. $SSNC Stock: Pzena Investment Management LLC Increases Stake

Pzena Investment Management LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 18.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,093,819 shares of the technology company’s stock after buying an additional 2,057,251 shares during the quarter. SS&C Technologies makes up 3.0% of Pzena Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Pzena Investment Management LLC owned 5.58% of SS&C Technologies worth $1,009,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of SS&C Technologies in the second quarter valued at about $25,000. Pension & Wealth Management Advisors Inc. bought a new stake in SS&C Technologies in the 3rd quarter worth about $29,000. Ameritas Advisory Services LLC bought a new stake in SS&C Technologies in the 2nd quarter worth about $31,000. Johnson Financial Group Inc. purchased a new stake in SS&C Technologies in the 2nd quarter valued at about $43,000. Finally, Westpac Banking Corp purchased a new stake in SS&C Technologies in the 2nd quarter valued at about $46,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore upgraded SS&C Technologies to an “outperform” rating in a research note on Friday, October 23rd. Jefferies Financial Group upped their target price on SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. dropped their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.57.

Check Out Our Latest Stock Analysis on SSNC

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $79.57 on Thursday. The stock has a fifty day moving average of $81.22 and a 200-day moving average of $74.30. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $89.93. The stock has a market cap of $18.67 billion, a PE ratio of 22.86 and a beta of 1.04. 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 (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.30 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio is presently 34.48%.

SS&C Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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