14,065 SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by University of Texas Texas AM Investment Management Co.

Key Points

• University of Texas Texas AM Investment Management Co. increased its SS&C Technologies stake by 66.6%, buying 14,065 shares and ending the quarter with 35,196 shares valued at about $2.7 million.
• SS&C reported quarterly EPS of $1.78, slightly above the $1.77 consensus, while revenue grew 7.7% year over year to $1.69 billion. The company also raised its quarterly dividend from $0.27 to $0.30 per share.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $96.57; recommendations ranged from a strong sell to strong buy.

University of Texas Texas AM Investment Management Co. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 66.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,196 shares of the technology company's stock after buying an additional 14,065 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in SS&C Technologies were worth $2,713,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of SS&C Technologies during the second quarter valued at about $1,043,987,000. Pzena Investment Management LLC purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $684,819,000. Jupiter Topco LLC purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $178,337,000. Legal & General Group Plc acquired a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $71,335,000. Finally, Lakewood Capital Management LP acquired a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $63,102,000. Institutional investors and hedge funds own 96.90% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $77.71 on Monday. The firm has a market capitalization of $18.23 billion, a PE ratio of 22.33 and a beta of 1.04. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $89.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The firm's 50-day moving average is $81.01 and its two-hundred day moving average is $74.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The firm had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the previous year, the firm posted $1.57 EPS. SS&C Technologies's revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared 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%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies's dividend payout ratio is presently 34.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSNC. Zacks Research downgraded shares of SS&C Technologies from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 20th. BWS Financial restated a "buy" rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Royal Bank Of Canada raised their price target on SS&C Technologies from $92.00 to $101.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Evercore upgraded SS&C Technologies to an "outperform" rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group lifted their price objective on SS&C Technologies from $83.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. 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 given a Sell rating to the stock. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $96.57.

SS&C Technologies Profile

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