SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Raised by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in SS&C Technologies by 18.8%, owning 102,246 shares valued at approximately $8.54 million as of its latest SEC filing.
• SS&C Technologies recently reported earnings of $1.45 per share for the quarter, beating analysts' estimates, and had a revenue of $1.54 billion, marking a 5.9% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 1.2%.

LPL Financial LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,246 shares of the technology company's stock after purchasing an additional 16,191 shares during the quarter. LPL Financial LLC's holdings in SS&C Technologies were worth $8,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in 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 valued at $169,379,000 after buying an additional 880,058 shares in the last quarter. Senator Investment Group LP increased its holdings in 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 valued at $115,123,000 after buying an additional 869,175 shares in the last quarter. AQR Capital Management LLC increased its holdings in 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 valued at $172,038,000 after buying an additional 780,616 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in 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 valued at $59,064,000 after buying an additional 649,864 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in SS&C Technologies in the fourth quarter valued at about $49,179,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSNC. Needham & Company LLC increased their price target 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. DA Davidson lifted their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley lifted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Two research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $97.13.

SS&C Technologies Stock Down 0.3%

SSNC stock traded down $0.30 during trading on Thursday, reaching $87.63. The stock had a trading volume of 247,257 shares, compared to its average volume of 1,376,667. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $89.73. 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 company has a market capitalization of $21.40 billion, a P/E ratio of 27.48 and a beta of 1.25. The firm has a fifty day moving average price of $83.09 and a 200 day moving average price of $81.75.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.25 dividend. The ex-dividend date of this dividend 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 presently 31.35%.

SS&C Technologies Company 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.