SS&C Technologies Holdings, Inc. $SSNC Stock Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 138.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,423 shares of the technology company’s stock after purchasing an additional 18,853 shares during the quarter. Machina Capital S.A.S.’s holdings in SS&C Technologies were worth $2,499,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SSNC. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of SS&C Technologies during the 3rd quarter worth about $29,000. Jones Financial Companies Lllp purchased a new stake in SS&C Technologies in the 2nd quarter valued at about $25,000. Ameritas Advisory Services LLC purchased a new stake in SS&C Technologies in the 2nd quarter valued at about $31,000. Johnson Financial Group Inc. acquired a new position in SS&C Technologies in the second quarter valued at about $43,000. Finally, Westpac Banking Corp acquired a new position in SS&C Technologies in the second quarter valued at about $46,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Price Performance

SSNC stock opened at $79.44 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $18.65 billion, a PE ratio of 22.83 and a beta of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $89.93. The business’s fifty day moving average price is $80.76 and its 200 day moving average price is $74.13.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. SS&C Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is currently 34.48%.

Analysts Set New Price Targets

Several research analysts have weighed in on SSNC shares. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. DA Davidson boosted their price target 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 upped their price objective on shares of SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Weiss Ratings raised shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

About SS&C Technologies

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.