5,421 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $453,000 in SS&C Technologies Holdings, Inc., acquiring 5,421 shares during the first quarter.
• Several institutional investors have increased their stakes in SS&C Technologies, with 96.95% of the stock currently owned by such investors.
• Wall Street analysts have recently upgraded their price targets for SS&C Technologies, with ratings indicating an average target price of $97.13 and multiple "buy" recommendations.

ASR Vermogensbeheer N.V. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,421 shares of the technology company's stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Bank of America Corp DE raised its holdings in SS&C Technologies by 64.9% in the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after purchasing an additional 880,058 shares during the period. Senator Investment Group LP raised its holdings in SS&C Technologies by 133.7% in the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after purchasing an additional 869,175 shares during the period. AQR Capital Management LLC raised its holdings in shares of SS&C Technologies by 52.4% during the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after acquiring an additional 780,616 shares during the period. Wedge Capital Management L L P NC lifted its position in SS&C Technologies by 1,135.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after acquiring an additional 649,864 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SS&C Technologies in the 4th quarter worth $49,179,000. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SSNC shares. Raymond James Financial upped their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. UBS Group upped their price objective on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. DA Davidson upped their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Morgan Stanley upped their price objective on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $97.13.

SS&C Technologies Stock Down 0.3%

SSNC stock traded down $0.30 during midday trading on Thursday, hitting $87.63. The company's stock had a trading volume of 247,257 shares, compared to its average volume of 1,376,667. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $89.73. The company's fifty day moving average price is $83.09 and its 200 day moving average price is $81.75. The stock has a market capitalization of $21.40 billion, a P/E ratio of 27.48 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $1.27 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. SS&C Technologies's payout ratio is presently 31.35%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.