Pictet Asset Management Ltd. Grows Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

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Pictet Asset Management Ltd. raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,663 shares of the technology company’s stock after purchasing an additional 4,200 shares during the period. Pictet Asset Management Ltd.’s holdings in SS&C Technologies were worth $4,705,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in SS&C Technologies in the second quarter valued at approximately $25,000. Capital Investment Advisory Services LLC increased its stake in SS&C Technologies by 930.0% in the second quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock valued at $30,000 after purchasing an additional 465 shares during the last quarter. Hudock Capital Group LLC purchased a new position in SS&C Technologies in the second quarter valued at approximately $42,000. Machina Capital S.A.S. purchased a new position in SS&C Technologies in the second quarter valued at approximately $52,000. Finally, FTB Advisors Inc. purchased a new position in SS&C Technologies in the second quarter valued at approximately $52,000. Institutional investors own 81.90% of the company’s stock.

Shares of SSNC stock traded up $0.08 during trading hours on Tuesday, hitting $52.61. The stock had a trading volume of 54,573 shares, compared to its average volume of 1,721,366. The firm has a market capitalization of $13.34 billion, a PE ratio of 20.08, a PEG ratio of 2.16 and a beta of 1.26. SS&C Technologies Holdings, Inc. has a twelve month low of $40.96 and a twelve month high of $67.73. The stock’s 50 day moving average is $47.37 and its 200 day moving average is $57.11. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.09 and a quick ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. SS&C Technologies had a return on equity of 18.78% and a net margin of 7.22%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, August 30th. SS&C Technologies’s dividend payout ratio is presently 15.27%.

In related news, Director Jonathan E. Michael purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $48.11 per share, with a total value of $96,220.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.50% of the stock is owned by company insiders.

SSNC has been the topic of several recent analyst reports. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. Buckingham Research set a $67.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research note on Friday, September 6th. Zacks Investment Research downgraded SS&C Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Raymond James decreased their price objective on SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 30th. Finally, Credit Suisse Group decreased their price objective on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $68.75.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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