Marks Group Wealth Management Inc Buys 1,117 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Marks Group Wealth Management Inc lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 109,382 shares of the technology company’s stock after acquiring an additional 1,117 shares during the period. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $6,684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in SS&C Technologies by 1.4% during the 3rd quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock worth $747,615,000 after acquiring an additional 197,934 shares during the last quarter. Boston Partners boosted its stake in shares of SS&C Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock valued at $455,894,000 after purchasing an additional 435,377 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of SS&C Technologies by 0.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after purchasing an additional 44,764 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of SS&C Technologies by 5.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock valued at $80,180,000 after purchasing an additional 77,551 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of SS&C Technologies by 5.4% in the 3rd quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 75,440 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SSNC. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. UBS Group upped their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, Needham & Company LLC boosted their target price on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.78.

SS&C Technologies Stock Down 0.4 %

SS&C Technologies stock opened at $60.98 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average is $62.89 and its 200 day moving average is $58.99. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86. The company has a market capitalization of $15.08 billion, a PE ratio of 25.62 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. SS&C Technologies’s dividend payout ratio is currently 40.34%.

About SS&C Technologies

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-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.