LRI Investments LLC Purchases New Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LRI Investments LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 5,659 shares of the technology company’s stock, valued at approximately $357,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC increased its position in SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after purchasing an additional 172 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of SS&C Technologies in the 1st quarter worth approximately $27,000. Denali Advisors LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter worth approximately $51,000. Principal Securities Inc. acquired a new stake in shares of SS&C Technologies in the 4th quarter worth approximately $53,000. Finally, Tobam grew its holdings in shares of SS&C Technologies by 1,428.8% in the 4th quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after acquiring an additional 943 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 6.3 %

NASDAQ SSNC traded up $4.27 during trading hours on Friday, hitting $72.29. The company had a trading volume of 2,959,802 shares, compared to its average volume of 867,725. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $73.30. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 28.80 and a beta of 1.38. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average is $63.27 and its 200 day moving average is $62.60.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 5,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $63.14, for a total transaction of $315,700.00. Following the transaction, the director now owns 38,000 shares of the company’s stock, valued at $2,399,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 32,500 shares of company stock valued at $2,027,750. Insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SSNC shares. Jefferies Financial Group upped their target price on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. DA Davidson upped their target price on SS&C Technologies from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada upped their target price on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC upped their target price on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

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.