Senator Investment Group LP Sells 497,143 Shares of SS&C Technologies Holdings, Inc. $SSNC

Senator Investment Group LP lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 32.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,022,032 shares of the technology company’s stock after selling 497,143 shares during the period. SS&C Technologies accounts for 4.5% of Senator Investment Group LP’s portfolio, making the stock its 3rd largest holding. Senator Investment Group LP’s holdings in SS&C Technologies were worth $85,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in SS&C Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company’s stock valued at $1,704,134,000 after purchasing an additional 186,440 shares during the last quarter. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company’s stock valued at $1,257,869,000 after purchasing an additional 539,483 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in SS&C Technologies by 3.6% during the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company’s stock valued at $433,212,000 after purchasing an additional 182,200 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SS&C Technologies by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company’s stock worth $239,353,000 after acquiring an additional 258,554 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company’s stock worth $172,038,000 after acquiring an additional 780,616 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SSNC shares. Raymond James Financial raised their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a research note 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 note on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $97.13.

SS&C Technologies Stock Up 0.1%

Shares of SSNC stock opened at $86.91 on Tuesday. The stock has a market cap of $21.23 billion, a P/E ratio of 27.24 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $89.73. The stock has a fifty day moving average price of $83.48 and a 200 day moving average price of $81.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. SS&C Technologies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.08 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.0%. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.35%.

SS&C Technologies Profile

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.