SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,117 shares of the technology company’s stock after acquiring an additional 7,466 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SS&C Technologies were worth $2,919,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SSNC. American Century Companies Inc. raised its holdings in shares of SS&C Technologies by 18.1% during the first quarter. American Century Companies Inc. now owns 4,476 shares of the technology company’s stock valued at $335,000 after acquiring an additional 685 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of SS&C Technologies by 19.1% during the first quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company’s stock valued at $270,000 after acquiring an additional 577 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of SS&C Technologies during the first quarter valued at approximately $336,000. Rhumbline Advisers raised its holdings in shares of SS&C Technologies by 13.0% during the first quarter. Rhumbline Advisers now owns 210,330 shares of the technology company’s stock valued at $15,779,000 after acquiring an additional 24,230 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of SS&C Technologies by 10.6% during the first quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company’s stock valued at $359,000 after acquiring an additional 460 shares during the last quarter. Institutional investors and hedge funds own 83.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SSNC shares. Needham & Company LLC dropped their price target on SS&C Technologies from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Jefferies Financial Group dropped their price target on SS&C Technologies from $81.00 to $55.00 in a research report on Friday, October 28th. Royal Bank of Canada dropped their price target on SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Raymond James dropped their price target on SS&C Technologies from $83.00 to $63.00 and set a “strong-buy” rating for the company in a research report on Friday, October 28th. Finally, StockNews.com started coverage on SS&C Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.73.

SS&C Technologies Stock Up 2.3 %

NASDAQ:SSNC opened at $55.52 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average is $51.99 and its two-hundred day moving average is $54.26. SS&C Technologies Holdings, Inc. has a 52 week low of $45.25 and a 52 week high of $84.85. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 21.27 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. SS&C Technologies had a return on equity of 19.05% and a net margin of 13.24%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.25 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, November 30th. SS&C Technologies’s payout ratio is currently 30.65%.

SS&C Technologies Company Profile

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SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.