Capital Impact Advisors LLC Buys Shares of 4,341 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Capital Impact Advisors LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,341 shares of the technology company’s stock, valued at approximately $303,000.

Several other hedge funds have also recently modified their holdings of SSNC. FIL Ltd increased its position in shares of SS&C Technologies by 7.9% during the 4th quarter. FIL Ltd now owns 462,629 shares of the technology company’s stock valued at $33,656,000 after purchasing an additional 33,757 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of SS&C Technologies by 466.5% during the 4th 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. LPL Financial LLC increased its position in shares of SS&C Technologies by 15.3% during the 4th quarter. LPL Financial LLC now owns 12,291 shares of the technology company’s stock valued at $894,000 after purchasing an additional 1,630 shares during the period. Federated Hermes Inc. increased its position in shares of SS&C Technologies by 32.8% during the 4th quarter. Federated Hermes Inc. now owns 77,379 shares of the technology company’s stock valued at $5,629,000 after purchasing an additional 19,132 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of SS&C Technologies by 186.6% during the 4th quarter. Engineers Gate Manager LP now owns 17,062 shares of the technology company’s stock valued at $1,241,000 after purchasing an additional 11,108 shares during the period. Institutional investors own 80.36% of the company’s stock.

SSNC has been the topic of a number of recent research reports. 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 upgraded 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. Morgan Stanley lifted their target price on SS&C Technologies from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 27th. 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 equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $77.80.

Shares of SSNC stock opened at $74.30 on Thursday. SS&C Technologies Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $75.94. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $19.00 billion, a P/E ratio of 17.60 and a beta of 1.57. The company’s fifty day simple moving average is $73.40.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.86%. SS&C Technologies’s payout ratio is 15.84%.

About SS&C Technologies

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.

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

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