SS&C Technologies Holdings, Inc. $SSNC Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,093,819 shares of the technology company’s stock after acquiring an additional 2,057,251 shares during the quarter. SS&C Technologies comprises approximately 3.0% of Pzena Investment Management LLC’s portfolio, making the stock its 9th biggest position. Pzena Investment Management LLC owned 0.06% of SS&C Technologies worth $1,009,141,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Rakuten Investment Management Inc. boosted its position in SS&C Technologies by 12.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 13,702 shares of the technology company’s stock valued at $1,063,000 after acquiring an additional 1,543 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $64,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of SS&C Technologies in the 3rd quarter worth approximately $5,509,000. ProShare Advisors LLC raised its position in shares of SS&C Technologies by 8.7% in the 3rd quarter. ProShare Advisors LLC now owns 104,480 shares of the technology company’s stock worth $8,052,000 after acquiring an additional 8,373 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of SS&C Technologies by 23.5% in the 3rd quarter. Vise Technologies Inc. now owns 4,582 shares of the technology company’s stock worth $353,000 after acquiring an additional 872 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSNC shares. Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Royal Bank Of Canada raised their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. DA Davidson upped their target price on shares of SS&C Technologies from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.57.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.57 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93. The company’s 50-day moving average is $81.22 and its 200 day moving average is $74.30. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 annualized dividend and a yield of 1.5%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.