Kirr Marbach & Co. LLC IN Buys 35,855 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kirr Marbach & Co. LLC IN boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,528 shares of the technology company's stock after buying an additional 35,855 shares during the quarter. SS&C Technologies makes up about 2.9% of Kirr Marbach & Co. LLC IN's investment portfolio, making the stock its 16th largest position. Kirr Marbach & Co. LLC IN owned 0.08% of SS&C Technologies worth $12,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new position in shares of SS&C Technologies in the first quarter valued at approximately $27,000. Headinvest LLC bought a new position in SS&C Technologies in the 3rd quarter valued at $26,000. Operose Advisors LLC acquired a new position in SS&C Technologies in the third quarter worth $34,000. Denali Advisors LLC acquired a new position in SS&C Technologies in the first quarter worth $51,000. Finally, Principal Securities Inc. acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at $53,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research reports. UBS Group upped their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, February 14th. Truist Financial increased their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. DA Davidson reiterated a "buy" rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.20.

SS&C Technologies Trading Up 0.5 %

NASDAQ:SSNC traded up $0.29 during trading hours on Friday, hitting $61.81. The stock had a trading volume of 778,547 shares, compared to its average volume of 1,039,866. The business's 50 day moving average is $62.53 and its 200-day moving average is $59.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.14. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 24.63 and a beta of 1.42. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.55%. SS&C Technologies's dividend payout ratio is presently 38.25%.

SS&C Technologies Profile

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.

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