Natixis Advisors LLC Has $61.32 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Natixis Advisors LLC increased its stake in SS&C Technologies by 8.8%, now owning approximately 734,047 shares worth around $61.3 million.
• Several institutional investors increased their positions, with American Century Companies Inc. growing its holdings by 115% in the fourth quarter.
• SS&C Technologies reported $1.45 earnings per share for the quarter, exceeding the consensus estimate, and announced a quarterly dividend of $0.25 per share, yielding 1.17%.

Natixis Advisors LLC grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 734,047 shares of the technology company's stock after acquiring an additional 59,309 shares during the quarter. Natixis Advisors LLC owned about 0.30% of SS&C Technologies worth $61,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Star Asset Management Inc. lifted its position in SS&C Technologies by 1.1% during the 1st quarter. North Star Asset Management Inc. now owns 605,239 shares of the technology company's stock worth $50,556,000 after acquiring an additional 6,536 shares in the last quarter. Arkadios Wealth Advisors grew its stake in SS&C Technologies by 27.0% during the 1st quarter. Arkadios Wealth Advisors now owns 3,611 shares of the technology company's stock valued at $302,000 after purchasing an additional 768 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in SS&C Technologies during the 1st quarter valued at approximately $82,000. Vestcor Inc grew its stake in SS&C Technologies by 200.5% during the 1st quarter. Vestcor Inc now owns 11,082 shares of the technology company's stock valued at $926,000 after purchasing an additional 7,394 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in SS&C Technologies during the 1st quarter valued at approximately $202,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

Shares of SSNC traded down $1.25 during midday trading on Friday, reaching $84.23. The stock had a trading volume of 1,301,002 shares, compared to its average volume of 1,189,137. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.11. The firm's 50 day moving average price is $82.13 and its 200-day moving average price is $81.36. The company has a market capitalization of $20.57 billion, a P/E ratio of 26.40 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. SS&C Technologies's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, 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 business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is 31.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SSNC shares. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson lifted their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group lifted their target price on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, 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 research report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, SS&C Technologies has a consensus rating of "Buy" and a consensus price target of $97.13.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.40% of the company's stock.

SS&C Technologies 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.