SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Swiss National Bank

Key Points

• Swiss National Bank increased its stake in SS&C Technologies by 0.8% in Q1, now owning 628,700 shares valued at approximately $52.5 million.
• The company reported $1.45 earnings per share for its latest quarter, exceeding analysts' expectations of $1.39, along with a revenue increase of 5.9% year-over-year.
• Recent upgrades from several analysts have raised price targets for SS&C Technologies, with the consensus target now at $97.13 after multiple firms issued favorable ratings.

Swiss National Bank increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 628,700 shares of the technology company's stock after purchasing an additional 4,800 shares during the quarter. Swiss National Bank owned 0.25% of SS&C Technologies worth $52,515,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after purchasing an additional 186,440 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock worth $1,257,869,000 after purchasing an additional 539,483 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of SS&C Technologies by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares during the period. AQR Capital Management LLC raised its position 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 worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Finally, Bank of America Corp DE raised its position 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 worth $169,379,000 after acquiring an additional 880,058 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.5%

Shares of SSNC stock opened at $86.80 on Monday. 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 has a market cap of $21.20 billion, a P/E ratio of 27.21 and a beta of 1.25. The business has a fifty day simple moving average of $82.68 and a 200-day simple moving average of $81.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the business posted $1.27 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 (DPR) is presently 31.35%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SSNC. Morgan Stanley increased their price objective 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. JPMorgan Chase & Co. increased their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. DA Davidson increased their price objective 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. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, UBS Group increased their price objective 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. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies has an average rating of "Buy" and a consensus price target of $97.13.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction 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 sale, the director owned 12,476 shares of the company's stock, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.40% of the stock is currently owned by insiders.

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.

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