Natixis Advisors LLC Boosts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis Advisors LLC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 734,047 shares of the technology company’s stock after acquiring an additional 59,309 shares during the quarter. Natixis Advisors LLC’s holdings in SS&C Technologies were worth $61,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SSNC. EP Wealth Advisors LLC boosted its position in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock valued at $531,000 after purchasing an additional 139 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company’s stock valued at $84,000 after buying an additional 140 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in SS&C Technologies by 1.9% in the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock worth $629,000 after acquiring an additional 144 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock worth $242,000 after acquiring an additional 161 shares during the last quarter. Finally, Prudent Man Advisors LLC increased its holdings in shares of SS&C Technologies by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company’s stock valued at $639,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director owned 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson lifted their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, UBS Group lifted their price objective on shares of SS&C Technologies from $105.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and an average target price of $97.13.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $85.43 on Thursday. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73. The business’s fifty day simple moving average is $81.77 and its 200-day simple moving average is $81.21. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The company has a market cap of $21.07 billion, a PE ratio of 26.78 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share 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 19.08% and a net margin of 13.34%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.35%.

About SS&C Technologies

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.