117,751 SS&C Technologies Holdings, Inc. $SSNC Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 877,272 shares of the technology company’s stock after purchasing an additional 117,751 shares during the quarter. Russell Investments Group Ltd.’s holdings in SS&C Technologies were worth $67,636,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of SS&C Technologies during the second quarter worth about $1,043,987,000. Pzena Investment Management LLC increased its holdings in SS&C Technologies by 18.6% in the third quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock valued at $1,009,141,000 after buying an additional 2,057,251 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in SS&C Technologies by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock valued at $210,508,000 after buying an additional 60,089 shares during the last quarter. Jupiter Topco LLC bought a new stake in SS&C Technologies in the second quarter valued at about $178,337,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in SS&C Technologies by 5.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company’s stock valued at $163,664,000 after buying an additional 102,252 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SSNC shares. Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. decreased their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Zacks Research cut SS&C Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.57.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.13 during trading hours on Friday, reaching $79.50. The company’s stock had a trading volume of 798,714 shares, compared to its average volume of 2,304,610. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93. The company’s 50 day simple moving average is $80.60 and its 200 day simple moving average is $74.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.09. The stock has a market cap of $18.67 billion, a P/E ratio of 22.84 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.80%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. SS&C Technologies’s payout ratio is presently 34.48%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.