SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its SS&C Technologies stake by 357.3% in the third quarter, ending with 16,485 shares valued at about $1.27 million. Institutional investors collectively own 96.9% of the company.
• Analyst sentiment is broadly positive: SS&C has a consensus “Moderate Buy” rating and an average price target of $96.57, though one firm rated it a “Strong Sell.”
• The company narrowly beat quarterly EPS estimates at $1.78 and reported 7.7% year-over-year revenue growth. It also raised its quarterly dividend from $0.27 to $0.30 per share.

CenterBook Partners LP boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 357.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,485 shares of the technology company's stock after purchasing an additional 12,880 shares during the quarter. CenterBook Partners LP's holdings in SS&C Technologies were worth $1,270,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SSNC. Pension & Wealth Management Advisors Inc. bought a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $29,000. Jones Financial Companies Lllp purchased a new position in shares of SS&C Technologies in the 2nd quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $31,000. Johnson Financial Group Inc. bought a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $43,000. Finally, Westpac Banking Corp bought a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $46,000. Institutional investors own 96.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. Zacks Research lowered shares of SS&C Technologies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. UBS Group reissued a "buy" rating on shares of SS&C Technologies in a research note on Friday, October 23rd. DA Davidson increased their target price on shares of SS&C Technologies from $96.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. BWS Financial restated a "buy" rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Finally, Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SS&C Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $96.57.

SS&C Technologies Stock Up 0.2%

Shares of SSNC opened at $77.89 on Tuesday. The firm has a market capitalization of $18.28 billion, a P/E ratio of 22.38 and a beta of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $89.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $80.90 and a 200-day moving average price of $74.19.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.38 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 1st. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. SS&C Technologies's dividend payout ratio (DPR) is presently 34.48%.

SS&C Technologies Profile

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