Atria Wealth Solutions Inc. Has $528,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Atria Wealth Solutions Inc. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 139.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,323 shares of the technology company's stock after buying an additional 3,678 shares during the period. Atria Wealth Solutions Inc.'s holdings in SS&C Technologies were worth $528,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Kestra Private Wealth Services LLC increased its holdings in SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company's stock worth $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Unigestion Holding SA increased its holdings in SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management acquired a new position in SS&C Technologies in the 1st quarter worth about $509,000. Bank of New York Mellon Corp increased its holdings in SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock worth $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after purchasing an additional 60,784 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. DA Davidson upped their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, UBS Group increased their price target on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $97.13.

SS&C Technologies Trading Down 1.2%

SSNC stock traded down $1.02 during trading on Friday, hitting $86.83. The company had a trading volume of 1,222,305 shares, compared to its average volume of 1,281,585. The business has a 50-day moving average of $83.37 and a 200-day moving average of $81.84. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $89.73. The stock has a market cap of $21.21 billion, a PE ratio of 27.22 and a beta of 1.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

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

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 yield of 1.2%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.35%.

SS&C Technologies 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.