Caisse DE Depot ET Placement DU Quebec grew its stake in SS&C Technologies (NASDAQ:SSNC) by 73.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,700 shares of the technology company’s stock after acquiring an additional 10,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in SS&C Technologies were worth $959,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of SS&C Technologies by 14.0% in the fourth quarter. Allianz Asset Management GmbH now owns 3,252,750 shares of the technology company’s stock worth $131,672,000 after purchasing an additional 399,733 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in SS&C Technologies by 0.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,674,156 shares of the technology company’s stock valued at $108,250,000 after acquiring an additional 21,790 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in SS&C Technologies by 66.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,671,877 shares of the technology company’s stock valued at $108,158,000 after acquiring an additional 1,064,603 shares during the last quarter. Alkeon Capital Management LLC increased its position in SS&C Technologies by 0.8% during the third quarter. Alkeon Capital Management LLC now owns 2,627,211 shares of the technology company’s stock valued at $105,483,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in SS&C Technologies by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 1,972,522 shares of the technology company’s stock valued at $79,197,000 after acquiring an additional 65,914 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of SS&C Technologies stock traded up $0.15 during trading on Friday, reaching $48.32. The company’s stock had a trading volume of 4,167,282 shares, compared to its average volume of 1,954,500. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $11,312.58, a price-to-earnings ratio of 26.99, a PEG ratio of 1.55 and a beta of 1.14. SS&C Technologies has a 1-year low of $34.75 and a 1-year high of $53.99.
SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 15th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $439.40 million during the quarter, compared to analyst estimates of $433.44 million. SS&C Technologies had a return on equity of 15.39% and a net margin of 19.63%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. equities research analysts anticipate that SS&C Technologies will post 2.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. SS&C Technologies’s payout ratio is currently 15.64%.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction dated 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 owns 20,000 shares in the company, valued at approximately $994,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.60% of the company’s stock.
Several analysts have issued reports on SSNC shares. BidaskClub raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Zacks Investment Research lowered SS&C Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Royal Bank of Canada boosted their price target on SS&C Technologies to $60.00 and gave the company an “outperform” rating in a report on Friday, January 12th. DA Davidson upped their price objective on SS&C Technologies to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research note on Friday, January 12th. Three equities 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.70.
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About SS&C Technologies
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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