Blair William & Co. IL Boosts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Blair William & Co. IL significantly increased its holdings in SS&C Technologies by 254.0%, totaling 106,721 shares valued at approximately $8.9 million.
• In the 4th quarter, several large investors, including Bank of America Corp DE and Senator Investment Group LP, also raised their stakes in SS&C Technologies, indicating a strong interest from institutional investors.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annual yield of 1.2%, with a payout ratio of 31.35%.

Blair William & Co. IL lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 254.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,721 shares of the technology company's stock after acquiring an additional 76,577 shares during the quarter. Blair William & Co. IL's holdings in SS&C Technologies were worth $8,914,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after acquiring an additional 539,483 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares during the last quarter. AQR Capital Management LLC raised its position in SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after purchasing an additional 780,616 shares during the last quarter. Bank of America Corp DE raised its position in SS&C Technologies by 64.9% during the 4th 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 last quarter. Finally, Snyder Capital Management L P raised its position in shares of SS&C Technologies by 6.9% during the fourth quarter. Snyder Capital Management L P now owns 1,713,013 shares of the technology company's stock worth $129,812,000 after acquiring an additional 110,153 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SSNC shares. DA Davidson lifted their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group increased their price objective on shares of SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Raymond James Financial boosted their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. Morgan Stanley increased their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Two investment 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 data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $97.13.

SS&C Technologies Trading Up 0.5%

Shares of SSNC stock traded up $0.43 during trading hours on Friday, hitting $86.80. 1,200,301 shares of the company were exchanged, compared to its average volume of 1,272,475. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day simple moving average of $82.68 and a two-hundred day simple moving average of $81.61. The firm has a market cap of $21.20 billion, a P/E ratio of 27.21 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $89.73.

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

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given 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 1.2%. SS&C Technologies's payout ratio is presently 31.35%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is currently owned by insiders.

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.