Guardian Wealth Management Inc. Acquires 26,105 Shares of SS&C Technologies Holdings, Inc. $SSNC

Guardian Wealth Management Inc. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 104,996 shares of the technology company’s stock after acquiring an additional 26,105 shares during the period. SS&C Technologies comprises about 4.1% of Guardian Wealth Management Inc.’s holdings, making the stock its 3rd biggest position. Guardian Wealth Management Inc.’s holdings in SS&C Technologies were worth $8,092,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Meiji Yasuda Life Insurance Co boosted its stake in SS&C Technologies by 1.3% in the second quarter. Meiji Yasuda Life Insurance Co now owns 15,189 shares of the technology company’s stock valued at $942,000 after buying an additional 192 shares in the last quarter. Kera Capital Partners Inc. lifted its holdings in shares of SS&C Technologies by 4.5% in the first quarter. Kera Capital Partners Inc. now owns 4,486 shares of the technology company’s stock worth $303,000 after acquiring an additional 194 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of SS&C Technologies by 0.8% in the third quarter. Vest Financial LLC now owns 28,958 shares of the technology company’s stock worth $2,232,000 after acquiring an additional 227 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of SS&C Technologies by 6.6% in the 1st quarter. HB Wealth Management LLC now owns 4,151 shares of the technology company’s stock valued at $280,000 after purchasing an additional 256 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of SS&C Technologies by 8.7% in the 3rd quarter. Signaturefd LLC now owns 3,549 shares of the technology company’s stock valued at $274,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Down 1.6%

Shares of NASDAQ:SSNC opened at $79.57 on Thursday. The business’s 50 day moving average is $81.22 and its 200 day moving average is $74.30. 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 market cap of $18.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09.

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

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. SS&C Technologies’s payout ratio is 34.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSNC. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. DA Davidson increased their price objective 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. Evercore upgraded SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. BWS Financial reissued a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Finally, Zacks Research cut SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies 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.