Jacobi Capital Management LLC Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Jacobi Capital Management LLC lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 702 shares of the technology company’s stock after buying an additional 148 shares during the period. Jacobi Capital Management LLC’s holdings in SS&C Technologies were worth $49,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP grew its position in shares of SS&C Technologies by 476.8% in the 4th quarter. Twin Tree Management LP now owns 101,125 shares of the technology company’s stock valued at $7,357,000 after buying an additional 83,593 shares during the last quarter. Teacher Retirement System of Texas grew its position in SS&C Technologies by 83.0% during the 1st quarter. Teacher Retirement System of Texas now owns 196,944 shares of the technology company’s stock worth $13,760,000 after purchasing an additional 89,348 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in SS&C Technologies by 10.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 67,260 shares of the technology company’s stock worth $4,699,000 after purchasing an additional 6,380 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in SS&C Technologies by 8.4% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 826,180 shares of the technology company’s stock worth $57,725,000 after purchasing an additional 64,264 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in SS&C Technologies by 7.6% during the 4th quarter. Nuveen Asset Management LLC now owns 817,202 shares of the technology company’s stock worth $59,451,000 after purchasing an additional 57,435 shares during the last quarter. 80.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SSNC opened at $73.94 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52 week low of $53.45 and a 52 week high of $75.94. The company has a 50-day moving average of $73.18. The firm has a market capitalization of $18.91 billion, a PE ratio of 28.11 and a beta of 1.58.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Sunday, April 25th. The technology company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.08. SS&C Technologies had a net margin of 14.82% and a return on equity of 20.20%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, May 28th. SS&C Technologies’s payout ratio is currently 15.84%.

Several brokerages have issued reports on SSNC. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Wednesday, May 5th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. DA Davidson raised their price objective on shares of SS&C Technologies from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Raymond James lifted their target price on shares of SS&C Technologies from $78.00 to $93.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 27th. Finally, Credit Suisse Group began coverage on shares of SS&C Technologies in a report on Monday, March 1st. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $77.80.

About SS&C Technologies

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-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

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

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