SS&C Technologies Holdings, Inc. $SSNC Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 68.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,347 shares of the technology company’s stock after buying an additional 63,507 shares during the period. Pictet Asset Management Holding SA owned 0.07% of SS&C Technologies worth $12,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of SS&C Technologies during the 2nd quarter valued at approximately $1,043,987,000. Pzena Investment Management LLC acquired a new stake in SS&C Technologies during the 2nd quarter worth approximately $684,819,000. Jupiter Topco LLC purchased a new position in SS&C Technologies in the second quarter valued at $178,337,000. Legal & General Group Plc acquired a new position in shares of SS&C Technologies during the second quarter worth about $71,335,000. Finally, Lakewood Capital Management LP purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $63,102,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 0.1%

NASDAQ SSNC opened at $79.37 on Friday. 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 has a market cap of $18.64 billion, a PE ratio of 22.81 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $80.70 and a two-hundred day moving average price of $74.10.

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

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 34.48%.

Analysts Set New Price Targets

A number of research analysts recently commented on SSNC shares. UBS Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 23rd. Evercore raised shares of SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. Zacks Research downgraded SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. lowered their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, Jefferies Financial Group upped their price target on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

SS&C Technologies 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.