11,576 SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Ethic Inc.

Ethic Inc. grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 103.8% during the third quarter, Holdings Channel reports. The firm owned 22,731 shares of the technology company’s stock after purchasing an additional 11,576 shares during the period. Ethic Inc.’s holdings in SS&C Technologies were worth $1,752,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SSNC. BlackRock Inc. purchased a new stake in SS&C Technologies in the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC lifted its stake in SS&C Technologies by 18.6% during the 3rd quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock valued at $1,009,141,000 after acquiring an additional 2,057,251 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in SS&C Technologies by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock worth $210,508,000 after acquiring an additional 60,089 shares during the last quarter. Jupiter Topco LLC purchased a new position in SS&C Technologies during the 2nd quarter worth $178,337,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of SS&C Technologies by 5.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company’s stock worth $163,664,000 after acquiring an additional 102,252 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SSNC shares. JPMorgan Chase & Co. lowered their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. UBS Group restated a “buy” rating on shares of SS&C Technologies in a report on Friday, October 23rd. BWS Financial reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Evercore upgraded shares of SS&C Technologies to an “outperform” rating in a research note on Friday, October 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.57.

SS&C Technologies Stock Down 0.1%

SSNC stock opened at $79.37 on Friday. The stock’s fifty day simple moving average is $80.70 and its two-hundred day simple moving average is $74.10. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $89.93. The stock has a market cap of $18.64 billion, a P/E ratio of 22.81 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a return on equity of 21.80% and a net margin of 12.76%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.30 per share. 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. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is 34.48%.

SS&C Technologies Profile

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.