SS&C Technologies Holdings, Inc. $SSNC Stock Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 877,272 shares of the technology company’s stock after purchasing an additional 117,751 shares during the period. Russell Investments Group Ltd. owned approximately 0.37% of SS&C Technologies worth $67,636,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of SS&C Technologies during the second quarter worth about $1,043,987,000. Pzena Investment Management LLC grew its stake in shares of SS&C Technologies by 18.6% in the third quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock valued at $1,009,141,000 after buying an additional 2,057,251 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SS&C Technologies by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock valued at $210,508,000 after buying an additional 60,089 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of SS&C Technologies during the 2nd quarter valued at about $178,337,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of SS&C Technologies by 5.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company’s stock valued at $163,664,000 after buying an additional 102,252 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.2%

Shares of NASDAQ:SSNC traded up $0.13 during trading on Friday, hitting $79.50. The company’s stock had a trading volume of 798,714 shares, compared to its average volume of 2,304,610. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.09. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $89.93. The stock’s 50-day moving average price is $80.60 and its two-hundred day moving average price is $74.07. The company has a market capitalization of $18.67 billion, a PE ratio of 22.84 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.80% and a net margin of 12.76%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $1.57 EPS. SS&C Technologies’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSNC. Zacks Research cut SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Evercore upgraded shares of SS&C Technologies to an “outperform” rating in a research note on Friday, October 23rd. Jefferies Financial Group upped their target price on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada upped their target price on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.