SS&C Technologies Holdings, Inc. $SSNC Stock: Bryn Mawr Trust Advisors LLC Reduces Holdings

Key Points

• Bryn Mawr Trust Advisors cut its SS&C Technologies stake by 27% in the third quarter, selling 35,292 shares and ending the period with 95,292 shares valued at $7.34 million.
• SS&C reported quarterly earnings of $1.78 per share, slightly above estimates, while revenue rose 7.7% year over year to $1.69 billion.
• The company increased its quarterly dividend from $0.27 to $0.30 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $96.57.

Bryn Mawr Trust Advisors LLC reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,292 shares of the technology company's stock after selling 35,292 shares during the period. Bryn Mawr Trust Advisors LLC's holdings in SS&C Technologies were worth $7,344,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SSNC. BlackRock Inc. bought a new stake in shares of SS&C Technologies during the second quarter worth $1,043,987,000. Pzena Investment Management LLC raised its holdings in shares of SS&C Technologies by 18.6% during the third quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company's stock worth $1,009,141,000 after acquiring an additional 2,057,251 shares during the period. Dimensional Fund Advisors LP lifted its position in SS&C Technologies by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company's stock valued at $210,508,000 after acquiring an additional 60,089 shares in the last quarter. Jupiter Topco LLC bought a new stake in SS&C Technologies in the 2nd quarter valued at $178,337,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in SS&C Technologies by 5.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company's stock valued at $163,664,000 after acquiring an additional 102,252 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $77.71 on Monday. The stock has a market cap of $18.23 billion, a P/E ratio of 22.33 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company has a fifty day moving average price of $81.01 and a two-hundred day moving average price of $74.23. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. SS&C Technologies's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

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

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. UBS Group restated a "buy" rating on shares of SS&C Technologies in a report on Friday, October 23rd. Zacks Research cut SS&C Technologies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Finally, Jefferies Financial Group increased their price objective on SS&C Technologies from $83.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.57.

About SS&C Technologies

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