Mutual of America Capital Management LLC Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Mutual of America Capital Management LLC acquired 4,142 shares of SS&C Technologies Holdings, valued at approximately $346,000, indicating interest from institutional investors in this technology company.
• SS&C Technologies reported $1.45 earnings per share (EPS), surpassing analyst estimates of $1.39, with a revenue increase of 5.9% year-over-year to $1.54 billion.
• The company declared a quarterly dividend of $0.25, representing an annualized dividend of $1.00 and a yield of 1.2%, highlighting its commitment to returning value to shareholders.

Mutual of America Capital Management LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,142 shares of the technology company's stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in SS&C Technologies by 5.3% in the fourth 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. Invesco Ltd. raised its position in SS&C Technologies by 18.3% in the fourth quarter. Invesco Ltd. now owns 470,526 shares of the technology company's stock worth $35,656,000 after acquiring an additional 72,775 shares during the period. Raymond James Financial Inc. bought a new position in SS&C Technologies in the fourth quarter worth approximately $49,179,000. Townsquare Capital LLC raised its position in SS&C Technologies by 51.5% in the fourth quarter. Townsquare Capital LLC now owns 5,161 shares of the technology company's stock worth $391,000 after acquiring an additional 1,754 shares during the period. Finally, Mariner LLC raised its position in SS&C Technologies by 304.7% in the fourth quarter. Mariner LLC now owns 89,921 shares of the technology company's stock worth $6,814,000 after acquiring an additional 67,704 shares during the period. Institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SSNC. Raymond James Financial increased their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group increased their price objective on shares of SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. 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 company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $97.13.

SS&C Technologies Price Performance

SSNC traded down $1.02 during trading on Friday, hitting $86.83. 1,222,305 shares of the company traded hands, compared to its average volume of 1,381,221. The company has a market cap of $21.21 billion, a PE ratio of 27.22 and a beta of 1.25. The stock's 50-day simple moving average is $83.25 and its two-hundred day simple moving average is $81.80. 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its 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 net margin of 13.34% and a return on equity of 18.92%. SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis 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 presently 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.