Meiji Yasuda Life Insurance Co continued to hold its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,800 shares of the technology company’s stock at the end of the first quarter. Meiji Yasuda Life Insurance Co’s holdings in SS&C Technologies Holdings were worth $984,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. First Mercantile Trust Co. boosted its position in shares of SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock worth $108,000 after buying an additional 2,025 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of SS&C Technologies Holdings during the first quarter worth about $190,000. Connable Office Inc. acquired a new position in shares of SS&C Technologies Holdings during the first quarter worth about $213,000. Pacer Advisors Inc. boosted its position in shares of SS&C Technologies Holdings by 10.7% in the third quarter. Pacer Advisors Inc. now owns 6,895 shares of the technology company’s stock worth $222,000 after buying an additional 665 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of SS&C Technologies Holdings during the fourth quarter worth about $250,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded down 0.80% during midday trading on Friday, hitting $38.33. 799,601 shares of the company’s stock traded hands. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $34.21. SS&C Technologies Holdings, Inc. has a 1-year low of $26.15 and a 1-year high of $39.17. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 45.69 and a beta of 1.13.
SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 27th. The technology company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $409.52 million for the quarter, compared to analyst estimates of $406.15 million. SS&C Technologies Holdings had a net margin of 11.00% and a return on equity of 14.50%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, May 30th. SS&C Technologies Holdings’s dividend payout ratio (DPR) is 29.76%.
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A number of brokerages have issued reports on SSNC. Deutsche Bank AG raised their target price on shares of SS&C Technologies Holdings from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 target price on shares of SS&C Technologies Holdings in a report on Thursday, April 13th. Macquarie raised shares of SS&C Technologies Holdings from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, February 16th. Finally, Needham & Company LLC raised their target price on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. SS&C Technologies Holdings presently has a consensus rating of “Buy” and an average price target of $38.50.
In related news, Director William A. Etherington sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $36.06, for a total transaction of $432,720.00. Following the completion of the sale, the director now directly owns 68,500 shares of the company’s stock, valued at $2,470,110. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 17.60% of the company’s stock.
SS&C Technologies Holdings Company Profile
SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.
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