SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 68.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,347 shares of the technology company’s stock after purchasing an additional 63,507 shares during the period. Pictet Asset Management Holding SA’s holdings in SS&C Technologies were worth $12,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. Meiji Yasuda Life Insurance Co boosted its stake in SS&C Technologies by 1.3% during the second quarter. Meiji Yasuda Life Insurance Co now owns 15,189 shares of the technology company’s stock worth $942,000 after buying an additional 192 shares in the last quarter. Kera Capital Partners Inc. increased its position in shares of SS&C Technologies by 4.5% during the 1st quarter. Kera Capital Partners Inc. now owns 4,486 shares of the technology company’s stock worth $303,000 after purchasing an additional 194 shares in the last quarter. Vest Financial LLC lifted its holdings in SS&C Technologies by 0.8% during the 3rd quarter. Vest Financial LLC now owns 28,958 shares of the technology company’s stock valued at $2,232,000 after purchasing an additional 227 shares during the last quarter. Signaturefd LLC boosted its position in SS&C Technologies by 8.7% in the third quarter. Signaturefd LLC now owns 3,549 shares of the technology company’s stock valued at $274,000 after buying an additional 283 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of SS&C Technologies by 94.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 749 shares of the technology company’s stock worth $58,000 after acquiring an additional 364 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SSNC shares. JPMorgan Chase & Co. lowered their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Evercore upgraded shares of SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 23rd. DA Davidson increased their target price on SS&C Technologies from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Jefferies Financial Group increased their target price on SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $96.57.

SS&C Technologies Trading Down 0.1%

NASDAQ SSNC opened at $79.37 on Friday. The company has a market cap of $18.64 billion, a PE ratio of 22.81 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $89.93. The stock has a 50 day moving average of $80.70 and a 200-day moving average of $74.10.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping 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 21.80%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.30 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is currently 34.48%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.