Boston Partners Trims Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Boston Partners decreased its stake in SS&C Technologies Holdings, Inc. by 2.1%, retaining about 5.17 million shares valued at $431.57 million by the end of the first quarter.
• Several institutional investors such as EP Wealth Advisors and Global X Japan Co. Ltd. have recently increased their holdings in SS&C Technologies, highlighting strong institutional interest in the stock.
• Analyst ratings for SS&C Technologies have been generally positive, with a consensus rating of "Buy" and updated price targets ranging from $88.00 to $102.00 by various research firms.

Boston Partners lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,168,635 shares of the technology company's stock after selling 110,751 shares during the period. Boston Partners owned about 2.10% of SS&C Technologies worth $431,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. Senator Investment Group LP increased its stake in shares of 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of SS&C Technologies by 52.4% in the fourth 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 in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of SS&C Technologies by 1,135.3% in the first quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock worth $59,064,000 after purchasing an additional 649,864 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of SS&C Technologies during the fourth quarter worth $49,179,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

NASDAQ:SSNC traded down $1.02 during trading hours on Friday, reaching $86.83. 1,222,305 shares of the company were exchanged, compared to its average volume of 1,281,585. The stock's 50-day moving average is $83.37 and its 200-day moving average is $81.84. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $89.73. The firm 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is 31.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Raymond James Financial increased their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $97.13.

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.