Fisher Asset Management LLC Has $2.09 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fisher Asset Management LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 34,256 shares of the technology company’s stock after acquiring an additional 1,288 shares during the quarter. Fisher Asset Management LLC’s holdings in SS&C Technologies were worth $2,093,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Headinvest LLC acquired a new stake in SS&C Technologies in the third quarter valued at about $26,000. Operose Advisors LLC acquired a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $34,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of SS&C Technologies during the 3rd quarter valued at approximately $53,000. Fortis Group Advisors LLC acquired a new position in SS&C Technologies during the 3rd quarter worth approximately $53,000. Finally, Allworth Financial LP lifted its stake in SS&C Technologies by 126.0% in the 3rd quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock valued at $56,000 after purchasing an additional 591 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SSNC. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada upped their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. UBS Group lifted their price target 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 shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, Needham & Company LLC boosted their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.20.

SS&C Technologies Trading Up 0.4 %

SSNC opened at $63.00 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company has a fifty day moving average of $62.47 and a 200-day moving average of $59.79. The stock has a market cap of $15.58 billion, a PE ratio of 25.10 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

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-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.