Jefferies Financial Group Inc. Buys New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Jefferies Financial Group Inc. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,507 shares of the technology company's stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also modified their holdings of SSNC. EP Wealth Advisors LLC lifted its position in 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 worth $531,000 after purchasing an additional 139 shares during the period. Global X Japan Co. Ltd. increased its holdings 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 period. Tectonic Advisors LLC raised its stake in shares of 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 in the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $242,000 after acquiring an additional 161 shares during the period. Finally, Prudent Man Advisors LLC boosted its position in shares of SS&C Technologies by 2.2% during the 1st quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock valued at $639,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

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

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The firm 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 business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.27 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend 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%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSNC. UBS Group increased their price target 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. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC boosted their price target 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. Raymond James Financial increased their price objective on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Two equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $97.13.

Insider Activity

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

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.