SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Reduced by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in SS&C Technologies by 12.8%, owning 628,286 shares valued at approximately $52.5 million after selling 92,078 shares.
• Analysts have a consensus rating of "Buy" for SS&C Technologies, with price targets ranging from $90.00 to $108.00, indicating positive market sentiment.
• SS&C Technologies reported a Q2 earnings beat with $1.45 earnings per share, surpassing estimates, and reported revenue growth of 5.9% compared to the previous year.

Russell Investments Group Ltd. lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 628,286 shares of the technology company's stock after selling 92,078 shares during the period. Russell Investments Group Ltd. owned approximately 0.25% of SS&C Technologies worth $52,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSNC. Invesco Ltd. raised its stake in shares of SS&C Technologies by 18.3% in the 4th quarter. Invesco Ltd. now owns 470,526 shares of the technology company's stock worth $35,656,000 after buying an additional 72,775 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of SS&C Technologies by 51.5% in the 4th quarter. Townsquare Capital LLC now owns 5,161 shares of the technology company's stock worth $391,000 after buying an additional 1,754 shares in the last quarter. Mariner LLC raised its stake in shares of SS&C Technologies by 304.7% in the 4th quarter. Mariner LLC now owns 89,921 shares of the technology company's stock worth $6,814,000 after buying an additional 67,704 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of SS&C Technologies by 338.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 19,300 shares of the technology company's stock worth $1,463,000 after buying an additional 14,900 shares in the last quarter. Finally, Dean Investment Associates LLC raised its stake in shares of SS&C Technologies by 4.4% in the 4th quarter. Dean Investment Associates LLC now owns 46,869 shares of the technology company's stock worth $3,552,000 after buying an additional 1,996 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 1.2%

Shares of SSNC stock traded down $1.02 on Friday, reaching $86.83. 1,222,305 shares of the company's stock traded hands, compared to its average volume of 1,281,585. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $21.21 billion, a P/E ratio of 27.22 and a beta of 1.25. The business's 50 day moving average price is $83.37 and its two-hundred day moving average price is $81.84.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $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, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. SS&C Technologies's payout ratio is 31.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SSNC shares. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price 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. Needham & Company LLC boosted 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. Raymond James Financial boosted 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. Finally, Morgan Stanley boosted 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 analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $97.13.

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.