Capital Investment Services of America Inc. Acquires 32,792 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Capital Investment Services of America Inc. raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,097 shares of the technology company’s stock after purchasing an additional 32,792 shares during the quarter. SS&C Technologies accounts for approximately 2.3% of Capital Investment Services of America Inc.’s portfolio, making the stock its 20th largest position. Capital Investment Services of America Inc. owned about 0.12% of SS&C Technologies worth $15,631,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in SS&C Technologies by 12.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock valued at $1,782,000 after purchasing an additional 3,327 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of SS&C Technologies by 17.7% in the 2nd quarter. Toronto Dominion Bank now owns 47,799 shares of the technology company’s stock worth $2,677,000 after acquiring an additional 7,180 shares in the last quarter. Foresters Investment Management Company Inc. grew its stake in shares of SS&C Technologies by 0.3% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock worth $15,244,000 after acquiring an additional 750 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of SS&C Technologies by 3.1% in the 2nd quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock worth $10,392,000 after acquiring an additional 5,346 shares in the last quarter. Finally, First Hawaiian Bank grew its stake in shares of SS&C Technologies by 15.5% in the 3rd quarter. First Hawaiian Bank now owns 23,040 shares of the technology company’s stock worth $1,188,000 after acquiring an additional 3,093 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Several analysts have recently issued reports on the stock. Buckingham Research set a $67.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, September 6th. DA Davidson lowered shares of SS&C Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 30th. Zacks Investment Research upgraded shares of SS&C Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Raymond James reduced their target price on shares of SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. SS&C Technologies has an average rating of “Buy” and an average target price of $68.00.

In related news, Director Jonathan E. Michael purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $48.11 per share, with a total value of $96,220.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.50% of the stock is currently owned by insiders.

Shares of NASDAQ:SSNC traded up $1.58 during midday trading on Friday, reaching $50.71. The company had a trading volume of 1,842,859 shares, compared to its average volume of 1,750,103. The company’s 50 day moving average price is $48.96 and its 200 day moving average price is $55.67. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. The stock has a market cap of $12.32 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.00 and a beta of 1.27. SS&C Technologies Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. SS&C Technologies had a net margin of 7.22% and a return on equity of 18.78%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 3.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, August 30th. SS&C Technologies’s dividend payout ratio (DPR) is currently 15.27%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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

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