Natixis Advisors L.P. Raises Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis Advisors L.P. raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 474,817 shares of the technology company's stock after acquiring an additional 55,834 shares during the quarter. Natixis Advisors L.P. owned approximately 0.19% of SS&C Technologies worth $29,015,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SSNC. Raymond James & Associates lifted its position in shares of SS&C Technologies by 2.9% in the 3rd quarter. Raymond James & Associates now owns 502,098 shares of the technology company's stock worth $26,380,000 after buying an additional 14,111 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of SS&C Technologies by 16.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,600 shares of the technology company's stock worth $820,000 after buying an additional 2,176 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of SS&C Technologies by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company's stock worth $71,063,000 after buying an additional 68,359 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of SS&C Technologies by 3.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 93,897 shares of the technology company's stock worth $4,933,000 after buying an additional 3,271 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SS&C Technologies by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,682 shares of the technology company's stock valued at $2,873,000 after purchasing an additional 1,106 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SSNC shares. TheStreet upgraded shares of SS&C Technologies from a "c+" rating to a "b" rating in a research report on Friday, February 23rd. Citigroup lifted their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Monday, April 29th. UBS Group lifted their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. Three 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $0.29 during trading hours on Friday, hitting $61.81. 778,547 shares of the company traded hands, compared to its average volume of 1,039,866. The firm's 50-day simple moving average is $62.53 and its two-hundred day simple moving average is $59.59. The firm has a market cap of $15.29 billion, a P/E ratio of 24.63 and a beta of 1.42. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. The company had revenue of $1.41 billion for 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%. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.24 dividend. The ex-dividend date of this dividend 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 currently 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.