JPMorgan Chase & Co. Has $14.71 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

JPMorgan Chase & Co. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,067 shares of the technology company’s stock after acquiring an additional 50,885 shares during the period. JPMorgan Chase & Co. owned approximately 0.18% of SS&C Technologies worth $14,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SSNC. Advisor Group Inc. boosted its stake in SS&C Technologies by 14.3% during the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after buying an additional 348 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in SS&C Technologies by 25.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock valued at $117,000 after buying an additional 622 shares during the period. First Mercantile Trust Co. boosted its stake in SS&C Technologies by 20.5% during the second quarter. First Mercantile Trust Co. now owns 3,676 shares of the technology company’s stock valued at $141,000 after buying an additional 625 shares during the period. QS Investors LLC boosted its stake in SS&C Technologies by 165.7% during the second quarter. QS Investors LLC now owns 4,810 shares of the technology company’s stock valued at $185,000 after buying an additional 3,000 shares during the period. Finally, SG Americas Securities LLC boosted its stake in SS&C Technologies by 46.2% during the second quarter. SG Americas Securities LLC now owns 4,902 shares of the technology company’s stock valued at $188,000 after buying an additional 1,550 shares during the period. 86.13% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on SSNC shares. Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. Jefferies Group reissued a “buy” rating on shares of SS&C Technologies in a research note on Tuesday, October 3rd. JPMorgan Chase & Co. lowered SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Tuesday, December 12th. BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Citigroup raised SS&C Technologies to a “strong-buy” rating and lifted their price objective for the company from $43.00 to $46.00 in a research note on Tuesday, November 21st. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.09.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded up $2.65 during midday trading on Thursday, reaching $50.34. The company’s stock had a trading volume of 10,347,100 shares, compared to its average volume of 1,120,000. SS&C Technologies Holdings, Inc. has a twelve month low of $30.60 and a twelve month high of $51.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10,360.00, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The business had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. During the same quarter last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts expect that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.56%. SS&C Technologies’s payout ratio is 26.67%.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.69, for a total transaction of $813,800.00. Following the sale, the chief financial officer now owns 17,500 shares in the company, valued at $712,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 60,000 shares of company stock worth $2,414,600 in the last 90 days. Company insiders own 17.60% of the company’s stock.

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SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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