Fisher Asset Management LLC Acquires 1,288 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fisher Asset Management LLC increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carret Asset Management LLC lifted its stake in shares of SS&C Technologies by 2.5% in the fourth quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock valued at $432,000 after buying an additional 175 shares during the period. SkyView Investment Advisors LLC lifted its position in 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 purchasing an additional 192 shares during the period. AlphaMark Advisors LLC increased its holdings in SS&C Technologies by 2.1% in the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $565,000 after buying an additional 194 shares during the period. Arizona State Retirement System lifted its holdings in shares of SS&C Technologies by 0.3% during the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock worth $3,750,000 after acquiring an additional 196 shares during the period. Finally, Argent Trust Co increased its stake in 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 acquiring an additional 256 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.4 %

Shares of NASDAQ SSNC opened at $63.00 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $15.58 billion, a PE ratio of 25.10 and a beta of 1.42. The firm’s 50-day moving average is $62.47 and its 200-day moving average is $59.79. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. 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 payout ratio is 38.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSNC. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Needham & Company LLC lifted 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, April 26th. Finally, Royal Bank of Canada raised their price target on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.