JPMorgan Chase & Co. Has $4,513,000 Stake in SS&C Technologies Holdings Inc. (SSNC)
JPMorgan Chase & Co. boosted its stake in SS&C Technologies Holdings Inc. (NASDAQ:SSNC) by 1,187.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 160,728 shares of the company’s stock after buying an additional 148,248 shares during the period. JPMorgan Chase & Co. owned about 0.08% of SS&C Technologies Holdings worth $4,513,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. Aperio Group LLC boosted its position in SS&C Technologies Holdings by 42.9% in the first quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock worth $297,000 after buying an additional 1,403 shares during the last quarter. Virginia Retirement System bought a new position in SS&C Technologies Holdings during the first quarter worth $564,000. BlackRock Inc. boosted its position in SS&C Technologies Holdings by 293.1% in the first quarter. BlackRock Inc. now owns 9,191 shares of the company’s stock worth $583,000 after buying an additional 6,853 shares during the last quarter. BlackRock Group LTD boosted its position in SS&C Technologies Holdings by 1.6% in the first quarter. BlackRock Group LTD now owns 105,197 shares of the company’s stock worth $6,671,000 after buying an additional 1,625 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in SS&C Technologies Holdings during the first quarter worth $872,000. Institutional investors and hedge funds own 88.19% of the company’s stock.
SS&C Technologies Holdings Inc. (NASDAQ:SSNC) traded up 0.09% during mid-day trading on Friday, reaching $31.82. 503,783 shares of the company were exchanged. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 548.62 and a beta of 1.09. The stock has a 50 day moving average of $32.54 and a 200-day moving average of $30.96. SS&C Technologies Holdings Inc. has a one year low of $23.61 and a one year high of $38.60.
SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. SS&C Technologies Holdings had a net margin of 0.99% and a return on equity of 11.94%. The firm earned $384.40 million during the quarter, compared to analyst estimates of $377.12 million. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 80.4% on a year-over-year basis. On average, equities analysts expect that SS&C Technologies Holdings Inc. will post $1.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.0625 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.79%. SS&C Technologies Holdings’s dividend payout ratio is presently 454.63%.
SSNC has been the topic of a number of research analyst reports. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG dropped their target price on shares of SS&C Technologies Holdings from $63.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 11th. Finally, Morgan Stanley boosted their target price on shares of SS&C Technologies Holdings from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. SS&C Technologies Holdings presently has a consensus rating of “Buy” and an average target price of $63.00.
In other news, insider Normand A. Boulanger sold 227,284 shares of SS&C Technologies Holdings stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $31.57, for a total value of $7,175,355.88. Following the completion of the sale, the insider now directly owns 307,500 shares in the company, valued at $9,707,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.00% of the stock is currently owned by insiders.
About SS&C Technologies Holdings
SS&C Technologies Holdings, Inc (SS&C Holdings) 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.
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