Jane Street Group LLC bought a new stake in SS&C Technologies (NASDAQ:SSNC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 188,719 shares of the technology company’s stock, valued at approximately $7,639,000. Jane Street Group LLC owned approximately 0.09% of SS&C Technologies as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SSNC. Ladenburg Thalmann Financial Services Inc. grew its holdings in SS&C Technologies by 81.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,152 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $124,000. Bellwether Investment Group LLC purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $301,000. American International Group Inc. purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $164,000. Finally, PEAK6 Investments L.P. boosted its stake in shares of SS&C Technologies by 177.1% in the third quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock valued at $277,000 after purchasing an additional 15,875 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.
SSNC stock traded up $0.15 during midday trading on Friday, hitting $48.32. 4,167,282 shares of the company traded hands, compared to its average volume of 1,954,500. SS&C Technologies has a twelve month low of $34.75 and a twelve month high of $53.99. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.75. The company has a market cap of $11,277.44, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $439.40 million for the quarter, compared to the consensus estimate of $433.44 million. SS&C Technologies had a net margin of 19.63% and a return on equity of 15.39%. SS&C Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. equities analysts expect that SS&C Technologies will post 2.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 0.58%. SS&C Technologies’s dividend payout ratio (DPR) is currently 15.64%.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $49.73, for a total value of $994,600.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $994,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.60% of the stock is owned by company insiders.
Several research firms recently issued reports on SSNC. BidaskClub cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. DA Davidson upped their price target on shares of SS&C Technologies to $54.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Saturday, January 6th. UBS increased their target price on shares of SS&C Technologies from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada raised their price objective on shares of SS&C Technologies to $60.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.70.
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SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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