SS&C Technologies Holdings, Inc. $SSNC Stock Bought by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 138.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,423 shares of the technology company’s stock after buying an additional 18,853 shares during the quarter. Machina Capital S.A.S.’s holdings in SS&C Technologies were worth $2,499,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SSNC. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of SS&C Technologies during the third quarter worth $29,000. Jones Financial Companies Lllp acquired a new stake in shares of SS&C Technologies in the second quarter valued at $25,000. Ameritas Advisory Services LLC purchased a new position in SS&C Technologies in the second quarter valued at $31,000. Johnson Financial Group Inc. purchased a new position in SS&C Technologies in the second quarter valued at $43,000. Finally, Westpac Banking Corp purchased a new position in SS&C Technologies in the second quarter valued at $46,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Trading Up 0.8%

Shares of NASDAQ:SSNC opened at $79.44 on Thursday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $89.93. The company’s 50 day moving average is $80.76 and its two-hundred day moving average is $74.13. The company has a market cap of $18.65 billion, a PE ratio of 22.83 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.38 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is currently 34.48%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SSNC. Jefferies Financial Group boosted their target price on SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Evercore raised SS&C Technologies to an “outperform” rating in a research report on Friday, October 23rd. BWS Financial reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Royal Bank Of Canada lifted their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, DA Davidson boosted their price objective on SS&C Technologies from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.57.

About SS&C Technologies

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.