SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Holdings Raised by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its stake in SS&C Technologies by 8.6% during the first quarter, now owning 71,884 shares worth approximately $6 million.
• SS&C Technologies reported $1.45 earnings per share in its latest quarter, surpassing analysts' expectations, with revenues of $1.54 billion.
• Multiple research analysts boosted their price targets for SS&C Technologies, with UBS Group raising it to $108.00 and Needham & Company LLC to $100.00, reflecting a consensus "Buy" rating.

Benjamin Edwards Inc. grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,884 shares of the technology company's stock after purchasing an additional 5,667 shares during the period. Benjamin Edwards Inc.'s holdings in SS&C Technologies were worth $6,004,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Atwood & Palmer Inc. raised its position in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the period. Larson Financial Group LLC raised its position in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after buying an additional 292 shares during the period. Whittier Trust Co. acquired a new position in SS&C Technologies during the first quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new position in SS&C Technologies during the first quarter valued at $29,000. Finally, Colonial Trust Co SC raised its position in SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $86.80 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.83 and a fifty-two week high of $89.73. The stock's 50-day moving average is $82.68 and its two-hundred day moving average is $81.64. The firm has a market cap of $21.20 billion, a P/E ratio of 27.21 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The company 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 revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. SS&C Technologies's dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SSNC shares. UBS Group upped their price target on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Raymond James Financial upped their target price on 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. 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 data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $97.13.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.

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