Signature Financial Management Inc. acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,000 shares of the technology company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. First Personal Financial Services lifted its stake in shares of SS&C Technologies by 1,543.1% during the 1st quarter. First Personal Financial Services now owns 1,906 shares of the technology company’s stock worth $102,000 after buying an additional 1,790 shares during the last quarter. Squar Milner Financial Services LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth about $108,000. Summit Trail Advisors LLC lifted its stake in shares of SS&C Technologies by 17,584.8% during the 1st quarter. Summit Trail Advisors LLC now owns 122,556 shares of the technology company’s stock worth $123,000 after buying an additional 121,863 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of SS&C Technologies by 3,755.1% during the 2nd quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock worth $196,000 after buying an additional 3,680 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $200,000. 86.82% of the stock is owned by institutional investors.

Shares of SS&C Technologies stock opened at $55.59 on Tuesday. SS&C Technologies Holdings, Inc. has a twelve month low of $37.72 and a twelve month high of $60.97. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.19.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.07. SS&C Technologies had a net margin of 9.99% and a return on equity of 14.43%. The business had revenue of $908.50 million during the quarter, compared to analysts’ expectations of $903.63 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s revenue was up 121.0% on a year-over-year basis. equities research analysts expect that SS&C Technologies Holdings, Inc. will post 2.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a $0.08 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.32 annualized dividend and a yield of 0.58%. SS&C Technologies’s payout ratio is 17.88%.

SSNC has been the subject of a number of research reports. Sandler O’Neill restated a “buy” rating and set a $62.00 target price on shares of SS&C Technologies in a research note on Monday, July 23rd. Zacks Investment Research cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. Needham & Company LLC raised their target price on shares of SS&C Technologies to $68.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. began coverage on shares of SS&C Technologies in a research note on Wednesday, August 1st. They set an “overweight” rating and a $70.00 target price for the company. Finally, BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. SS&C Technologies currently has an average rating of “Buy” and a consensus target price of $63.09.

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

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