International Assets Investment Management LLC Acquires 1,754 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

International Assets Investment Management LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2,220.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,833 shares of the technology company’s stock after purchasing an additional 1,754 shares during the quarter. International Assets Investment Management LLC’s holdings in SS&C Technologies were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. SkyView Investment Advisors LLC grew its stake in shares of SS&C Technologies by 4.0% in the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock worth $261,000 after acquiring an additional 192 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of SS&C Technologies by 2.1% during the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock worth $565,000 after purchasing an additional 194 shares during the period. Arizona State Retirement System raised its position in shares of SS&C Technologies by 0.3% during the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock valued at $3,750,000 after buying an additional 196 shares during the last quarter. Argent Trust Co lifted its stake in shares of SS&C Technologies by 1.4% in the third quarter. Argent Trust Co now owns 19,040 shares of the technology company’s stock valued at $1,000,000 after buying an additional 256 shares during the period. Finally, Graypoint LLC grew its position in SS&C Technologies by 3.0% during the third quarter. Graypoint LLC now owns 9,199 shares of the technology company’s stock worth $483,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 1.1 %

NASDAQ SSNC opened at $61.92 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $15.31 billion, a PE ratio of 24.67 and a beta of 1.43. The stock’s 50 day simple moving average is $62.78 and its 200 day simple moving average is $59.24. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is currently 38.25%.

Analyst Ratings Changes

A number of brokerages have commented on SSNC. DA Davidson reiterated a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Needham & Company LLC upped their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada raised their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.20.

SS&C Technologies 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.