SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Raised by Fiera Capital Corp

Fiera Capital Corp raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,273 shares of the technology company’s stock after buying an additional 158 shares during the quarter. Fiera Capital Corp’s holdings in SS&C Technologies were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its stake in SS&C Technologies by 67.4% in the first quarter. CWM LLC now owns 432 shares of the technology company’s stock valued at $30,000 after buying an additional 174 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $37,000. Capital Asset Advisory Services LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $39,000. Financial Avengers Inc. acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $66,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of SS&C Technologies by 466.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,773 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,460 shares during the period. Institutional investors own 80.14% of the company’s stock.

A number of research analysts have recently commented on SSNC shares. Credit Suisse Group started coverage on SS&C Technologies in a report on Monday, March 1st. They set an “outperform” rating on the stock. DA Davidson lifted their target price on SS&C Technologies from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 27th. Raymond James lifted their target price on SS&C Technologies from $78.00 to $93.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 27th. Zacks Investment Research raised SS&C Technologies from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Wednesday, May 5th. Finally, Needham & Company LLC lifted their target price on SS&C Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 27th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $77.80.

NASDAQ:SSNC opened at $73.94 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. SS&C Technologies Holdings, Inc. has a 1-year low of $53.45 and a 1-year high of $75.94. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 28.11 and a beta of 1.58. The company has a fifty day moving average of $73.18.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Sunday, April 25th. The technology company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.08. SS&C Technologies had a return on equity of 20.20% and a net margin of 14.82%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $1.03 EPS. SS&C Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.87%. SS&C Technologies’s payout ratio is presently 15.84%.

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-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

See Also: Holder of Record

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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