CenterBook Partners LP Acquires 12,880 Shares of SS&C Technologies Holdings, Inc. $SSNC

CenterBook Partners LP lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 357.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,485 shares of the technology company’s stock after acquiring an additional 12,880 shares during the quarter. CenterBook Partners LP’s holdings in SS&C Technologies were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in SS&C Technologies during the second quarter valued at approximately $25,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of SS&C Technologies during the 3rd quarter worth $29,000. Ameritas Advisory Services LLC bought a new stake in SS&C Technologies during the second quarter valued at about $31,000. Johnson Financial Group Inc. bought a new stake in SS&C Technologies during the second quarter valued at about $43,000. Finally, Westpac Banking Corp purchased a new position in SS&C Technologies in the second quarter valued at about $46,000. 96.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. DA Davidson boosted their target price on shares of SS&C Technologies from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. lowered their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. BWS Financial restated a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Jefferies Financial Group raised their target price on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, Zacks Research lowered shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies Trading Up 0.2%

Shares of NASDAQ:SSNC opened at $77.89 on Tuesday. The business’s 50-day moving average is $80.90 and its 200 day moving average is $74.19. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $89.93. The firm has a market capitalization of $18.28 billion, a P/E ratio of 22.38 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $1.57 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s payout ratio is 34.48%.

About SS&C Technologies