IFM Investors Pty Ltd Has $3.04 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

IFM Investors Pty Ltd boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,246 shares of the technology company’s stock after buying an additional 190 shares during the period. IFM Investors Pty Ltd’s holdings in SS&C Technologies were worth $3,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SSNC. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the third quarter valued at about $26,000. ST Germain D J Co. Inc. acquired a new stake in shares of SS&C Technologies in the 1st quarter worth about $27,000. Operose Advisors LLC purchased a new stake in SS&C Technologies in the 3rd quarter valued at $34,000. Denali Advisors LLC bought a new position in SS&C Technologies during the 1st quarter valued at $51,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of SS&C Technologies in the 3rd quarter worth $53,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.07 on Friday, reaching $61.24. The stock had a trading volume of 1,583,612 shares, compared to its average volume of 961,173. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The company has a market cap of $15.14 billion, a P/E ratio of 24.40 and a beta of 1.43. The business’s 50 day moving average is $62.78 and its two-hundred day moving average is $59.15.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s payout ratio is 38.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SSNC shares. Needham & Company LLC lifted their price target on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Citigroup increased their price objective on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. Royal Bank of Canada increased their price target on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Finally, Truist Financial upped their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.22.

About SS&C Technologies

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.