Townsquare Capital LLC Has $559,000 Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Townsquare Capital LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 29.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,688 shares of the technology company’s stock after buying an additional 1,527 shares during the period. Townsquare Capital LLC’s holdings in SS&C Technologies were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. EP Wealth Advisors LLC increased its stake in shares of SS&C Technologies by 2.0% during the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock worth $531,000 after purchasing an additional 139 shares during the last quarter. Global X Japan Co. Ltd. increased its position in SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company’s stock worth $84,000 after buying an additional 140 shares during the last quarter. Tectonic Advisors LLC increased its position in SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock worth $629,000 after buying an additional 144 shares during the last quarter. Wellington Management Group LLP raised its stake in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after buying an additional 161 shares during the period. Finally, Prudent Man Advisors LLC lifted its position in shares of SS&C Technologies by 2.2% in the first quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company’s stock valued at $639,000 after buying an additional 163 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 1.2%

Shares of SSNC opened at $86.83 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $89.73. The firm’s 50 day moving average is $83.37 and its 200-day moving average is $81.85. The stock has a market capitalization of $21.21 billion, a PE ratio of 27.22 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.27 EPS. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 2nd. SS&C Technologies’s dividend payout ratio is presently 31.35%.

Analysts Set New Price Targets

Several equities analysts have commented on SSNC shares. Raymond James Financial upped their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a report on Thursday, July 24th. DA Davidson lifted their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. UBS Group raised their price objective on shares of SS&C Technologies from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies has an average rating of “Buy” and a consensus price target of $97.13.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.