Charles Schwab Investment Management Inc. lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 843,529 shares of the technology company's stock after purchasing an additional 13,528 shares during the period. Charles Schwab Investment Management Inc. owned about 0.34% of SS&C Technologies worth $70,460,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EP Wealth Advisors LLC raised its position in SS&C Technologies by 2.0% in the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after buying an additional 139 shares during the last quarter. Global X Japan Co. Ltd. raised its position in SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock valued at $84,000 after buying an additional 140 shares during the last quarter. Tectonic Advisors LLC raised its position in SS&C Technologies by 1.9% in the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock valued at $629,000 after buying an additional 144 shares during the last quarter. Wellington Management Group LLP raised its position in SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after buying an additional 161 shares during the last quarter. Finally, Prudent Man Advisors LLC raised its position in 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 valued at $639,000 after buying an additional 163 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. DA Davidson upped their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their price objective 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average price target of $97.13.
Read Our Latest Analysis on SSNC
SS&C Technologies Stock Performance
Shares of SSNC opened at $87.85 on Friday. The company has a market cap of $21.45 billion, a PE ratio of 27.54 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 Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73. The stock has a 50-day moving average price of $83.25 and a 200-day moving average price of $81.80.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $1.27 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast 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 declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. SS&C Technologies's payout ratio is currently 31.35%.
SS&C Technologies Profile
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Free Report)
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.
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