Cetera Investment Advisers Acquires 9,354 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

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 boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,153 shares of the technology company's stock after buying an additional 9,354 shares during the period. Cetera Investment Advisers' holdings in SS&C Technologies were worth $2,686,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its holdings in shares of SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after acquiring an additional 139 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in SS&C Technologies by 16.1% in the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after purchasing an additional 140 shares during the period. Tectonic Advisors LLC boosted its stake in SS&C Technologies by 1.9% during the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock valued at $629,000 after purchasing an additional 144 shares in the last quarter. Wellington Management Group LLP increased its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares during the period. Finally, Prudent Man Advisors LLC raised its stake in shares of SS&C Technologies by 2.2% in the 1st quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock worth $639,000 after buying an additional 163 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price 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. DA Davidson lifted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Raymond James Financial boosted 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 report on Thursday, July 24th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $97.13.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director owned 12,476 shares of the company's stock, valued at $997,081.92. The trade was a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 0.5%

Shares of SS&C Technologies stock traded up $0.43 during trading on Friday, hitting $86.80. The stock had a trading volume of 1,200,301 shares, compared to its average volume of 1,393,230. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $89.73. The stock has a 50 day simple moving average of $82.56 and a 200 day simple moving average of $81.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $21.20 billion, a PE ratio of 27.21 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping 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 firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business posted $1.27 EPS. The company's revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.25 dividend. 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 is currently 31.35%.

About SS&C Technologies

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.