SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in SS&C Technologies by 41.0%, acquiring an additional 9,354 shares, bringing its total holdings to 32,153 shares valued at approximately $2.686 million.
• Several other institutional investors also significantly raised their positions in SS&C Technologies during the first quarter, with Atwood & Palmer Inc. increasing by 125.8% and Larson Financial Group LLC by 634.8%.
• SS&C Technologies recently reported a better-than-expected quarterly earnings with an EPS of $1.45, exceeding analysts’ estimates of $1.39, and achieving revenue growth of 5.9% year-over-year.

Cetera Investment Advisers raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 41.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,153 shares of the technology company's stock after buying an additional 9,354 shares during the quarter. Cetera Investment Advisers' holdings in SS&C Technologies were worth $2,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC raised its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after buying an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new stake in SS&C Technologies in the first quarter valued at about $29,000. Colonial Trust Co SC raised its stake in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

SSNC stock traded up $0.43 during trading on Friday, hitting $86.80. 1,200,301 shares of the company traded hands, compared to its average volume of 1,272,475. The stock's 50-day simple moving average is $82.68 and its 200 day simple moving average is $81.62. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $21.20 billion, a PE ratio of 27.21 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year 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 for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director directly owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note 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. According to data from MarketBeat.com, the stock currently has a consensus 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.