IFM Investors Pty Ltd Buys 190 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

IFM Investors Pty Ltd increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,246 shares of the technology company’s stock after purchasing an additional 190 shares during the period. IFM Investors Pty Ltd’s holdings in SS&C Technologies were worth $3,041,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in SS&C Technologies during the 1st quarter worth $27,000. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth $26,000. Operose Advisors LLC bought a new stake in SS&C Technologies in the third quarter valued at about $34,000. Denali Advisors LLC acquired a new position in SS&C Technologies in the first quarter valued at about $51,000. Finally, Principal Securities Inc. bought a new position in SS&C Technologies during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSNC. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. UBS Group boosted their target price on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Citigroup raised their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, DA Davidson reissued a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. Two equities research 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, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $71.22.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.07 on Friday, hitting $61.24. The company’s stock had a trading volume of 1,583,612 shares, compared to its average volume of 961,173. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86. The stock has a fifty day moving average of $62.78 and a two-hundred day moving average of $59.15. The firm has a market capitalization of $15.14 billion, a P/E ratio of 24.40 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s dividend payout ratio (DPR) 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.