SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Raised by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,382 shares of the technology company’s stock after acquiring an additional 1,117 shares during the quarter. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $6,684,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in SS&C Technologies by 127.0% in the 4th quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock valued at $14,839,000 after buying an additional 135,775 shares during the period. GHP Investment Advisors Inc. increased its stake in SS&C Technologies by 22.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after buying an additional 19,374 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $2,388,000. Mackenzie Financial Corp increased its stake in SS&C Technologies by 18.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock valued at $62,207,000 after buying an additional 161,165 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in 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 valued at $71,063,000 after buying an additional 68,359 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $60.98 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The firm’s fifty day simple moving average is $62.89 and its 200 day simple moving average is $58.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $15.08 billion, a PE ratio of 25.62 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) 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 business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s payout ratio is presently 40.34%.

Wall Street Analyst Weigh In

SSNC has been the topic of several research reports. DA Davidson reiterated a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. UBS Group increased 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 note on Wednesday, February 14th. Citigroup increased their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Needham & Company LLC increased their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $70.78.

SS&C Technologies Company 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.