Lecap Asset Management Ltd. Takes $1.15 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Lecap Asset Management Ltd. purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,828 shares of the technology company's stock, valued at approximately $1,151,000.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in shares of SS&C Technologies by 0.6% during the first quarter. BlackRock Inc. now owns 25,698,336 shares of the technology company's stock worth $1,451,185,000 after purchasing an additional 147,148 shares in the last quarter. Vanguard Group Inc. raised its holdings in SS&C Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 20,029,098 shares of the technology company's stock valued at $1,502,583,000 after acquiring an additional 266,741 shares in the last quarter. Pzena Investment Management LLC raised its holdings in SS&C Technologies by 1.4% in the third quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company's stock valued at $747,615,000 after acquiring an additional 197,934 shares in the last quarter. Boston Partners raised its holdings in SS&C Technologies by 5.3% in the third quarter. Boston Partners now owns 8,687,812 shares of the technology company's stock valued at $455,894,000 after acquiring an additional 435,377 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in SS&C Technologies by 0.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company's stock valued at $414,681,000 after acquiring an additional 44,764 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC traded up $0.47 during mid-day trading on Friday, reaching $62.01. 1,825,941 shares of the company's stock were exchanged, compared to its average volume of 957,107. The business's fifty day simple moving average is $62.92 and its 200-day simple moving average is $58.63. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $15.32 billion, a PE ratio of 26.05 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting analysts' consensus estimates of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. SS&C Technologies's dividend payout ratio (DPR) is 40.34%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SSNC. UBS Group raised their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, January 29th. Truist Financial raised their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Finally, TheStreet raised shares of SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.44.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.