SS&C Technologies Holdings, Inc. $SSNC Stock Position Raised by Guardian Wealth Management Inc.

Key Points

• Guardian Wealth Management increased its SS&C Technologies stake by 33.1% in the third quarter, to 104,996 shares worth about $8.1 million. The stock is now its third-largest holding.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $96.57; recent targets ranged from $87 to $105, alongside one strong-sell rating.
• SS&C reported quarterly EPS of $1.78, slightly above estimates, while revenue rose 7.7% year over year. It also raised its quarterly dividend from $0.27 to $0.30 per share.

Guardian Wealth Management Inc. raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 33.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,996 shares of the technology company's stock after acquiring an additional 26,105 shares during the period. SS&C Technologies makes up approximately 4.1% of Guardian Wealth Management Inc.'s investment portfolio, making the stock its 3rd largest position. Guardian Wealth Management Inc.'s holdings in SS&C Technologies were worth $8,092,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SSNC shares. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. BWS Financial reiterated a "buy" rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Zacks Research cut shares of SS&C Technologies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $96.57.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $79.57 on Thursday. The stock's fifty day moving average price is $81.22 and its two-hundred day moving average price is $74.30. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93. 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 firm has a market cap of $18.67 billion, a PE ratio of 22.86 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.69 billion. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

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

About SS&C Technologies

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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