Franklin Resources Inc. Has $236.60 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Franklin Resources Inc. grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,871,753 shares of the technology company’s stock after purchasing an additional 56,002 shares during the period. Franklin Resources Inc.’s holdings in SS&C Technologies were worth $236,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSNC. Brandes Investment Partners LP increased its position in SS&C Technologies by 28.3% in the 4th quarter. Brandes Investment Partners LP now owns 471,606 shares of the technology company’s stock valued at $28,820,000 after acquiring an additional 104,081 shares during the period. Assetmark Inc. grew its position in shares of SS&C Technologies by 13.6% during the 4th quarter. Assetmark Inc. now owns 51,809 shares of the technology company’s stock worth $3,166,000 after buying an additional 6,207 shares during the period. Quest Partners LLC bought a new stake in SS&C Technologies in the fourth quarter valued at $1,795,000. Trexquant Investment LP bought a new position in SS&C Technologies in the fourth quarter worth approximately $1,312,000. Finally, UBS Group AG increased its stake in SS&C Technologies by 24.5% during the 4th quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after purchasing an additional 79,029 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the sale, the director now owns 38,000 shares in the company, valued at $2,429,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Truist Financial increased their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Needham & Company LLC raised their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

SS&C Technologies Trading Down 0.4 %

Shares of NASDAQ:SSNC traded down $0.25 during trading on Wednesday, reaching $63.08. 181,071 shares of the company traded hands, compared to its average volume of 959,481. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 25.14 and a beta of 1.42. The business’s fifty day moving average is $62.56 and its 200-day moving average is $60.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, June 3rd. SS&C Technologies’s dividend payout ratio is presently 38.25%.

SS&C Technologies Company Profile

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.