D. E. Shaw & Co. Inc. Increases Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

D. E. Shaw & Co. Inc. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 40.3% in the first quarter, Holdings Channel reports. The firm owned 756,170 shares of the technology company’s stock after acquiring an additional 217,160 shares during the period. D. E. Shaw & Co. Inc.’s holdings in SS&C Technologies were worth $52,834,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SSNC. BlackRock Inc. boosted its position in SS&C Technologies by 42.8% during the 1st quarter. BlackRock Inc. now owns 17,464,633 shares of the technology company’s stock worth $1,220,255,000 after purchasing an additional 5,234,637 shares during the period. Norges Bank purchased a new position in SS&C Technologies in the 4th quarter valued at about $170,354,000. JPMorgan Chase & Co. boosted its position in SS&C Technologies by 31.2% in the 4th quarter. JPMorgan Chase & Co. now owns 4,194,644 shares of the technology company’s stock valued at $305,160,000 after buying an additional 996,347 shares during the last quarter. Baupost Group LLC MA boosted its position in SS&C Technologies by 15.2% in the 1st quarter. Baupost Group LLC MA now owns 3,806,892 shares of the technology company’s stock valued at $265,988,000 after buying an additional 501,108 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in SS&C Technologies in the 4th quarter valued at about $31,910,000. 80.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on SSNC shares. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 27th. Morgan Stanley upped their price objective on shares of SS&C Technologies from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 27th. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, May 5th. Raymond James increased their price target on shares of SS&C Technologies from $78.00 to $93.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 27th. Finally, DA Davidson increased their price target 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. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. SS&C Technologies has an average rating of “Buy” and an average target price of $77.80.

SSNC opened at $74.30 on Thursday. The firm has a market capitalization of $19.00 billion, a price-to-earnings ratio of 17.60 and a beta of 1.57. SS&C Technologies Holdings, Inc. has a fifty-two week low of $55.28 and a fifty-two week high of $75.94. The stock’s 50-day simple moving average is $73.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Sunday, April 25th. The technology company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. SS&C Technologies had a net margin of 14.82% and a return on equity of 20.20%. SS&C Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 28th. This represents a $0.64 annualized dividend and a yield of 0.86%. SS&C Technologies’s dividend payout ratio (DPR) is 15.84%.

SS&C Technologies Company Profile

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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