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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Vanguard Group Inc.

SS&C Technologies logo with Computer and Technology background

Key Points

  • Vanguard Group Inc. increased its stake in SS&C Technologies Holdings, owning 20,401,466 shares worth approximately $1.7 billion after acquiring an additional 186,440 shares.
  • Multiple institutional investors have boosted their positions in SS&C Technologies, with Bank of America Corp increasing its shareholding by 64.9% in the 4th quarter.
  • Analyst ratings for SS&C Technologies have been largely positive, with several firms raising their price targets, including Raymond James who set a target of $95.00 and gave a "strong-buy" rating.
  • Want stock alerts on SS&C Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vanguard Group Inc. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,401,466 shares of the technology company's stock after buying an additional 186,440 shares during the quarter. Vanguard Group Inc. owned 8.27% of SS&C Technologies worth $1,704,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atwood & Palmer Inc. lifted its holdings in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the period. Larson Financial Group LLC lifted its holdings in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after buying an additional 292 shares during the period. Whittier Trust Co. acquired a new position in shares of SS&C Technologies in the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at about $29,000. Finally, Colonial Trust Co SC lifted its holdings in shares of SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SSNC. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley upped their price target on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Raymond James Financial upped their price target on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 24th. UBS Group boosted their price objective on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $97.13.

View Our Latest Analysis on SSNC

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.30 during trading hours on Thursday, reaching $87.63. The company had a trading volume of 247,257 shares, compared to its average volume of 1,376,667. 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 stock has a fifty day moving average of $83.09 and a 200-day moving average of $81.75. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 27.48 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued 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 1.1%. SS&C Technologies's dividend payout ratio is currently 31.35%.

About SS&C Technologies

(Free Report)

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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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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