Coastal Investment Advisors Inc. Purchases Shares of 2,747 SS&C Technologies Holdings, Inc. (NASDAQ: SSNC)


Coastal Investment Advisors Inc. purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNCGet Rating) in the 1st quarter, HoldingsChannel reports. The firm purchased 2,747 shares of the company’s technology stock, valued at approximately $ 206,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CHICAGO TRUST Co NA boosted its holdings in shares of SS&C Technologies by 10.1% during the first quarter. CHICAGO TRUST Co NA now owns 25,837 shares of the company’s technology stock worth $ 1,939,000 after purchasing an additional 2,378 shares during the period. Cooper Financial Group boosted its holdings in shares of SS&C Technologies by 5.4% during the first quarter. Cooper Financial Group now owns 3,837 shares of the company’s technology stock worth $ 288,000 after purchasing an additional 196 shares during the period. Salvus Wealth Management LLC boosted its holdings in shares of SS&C Technologies by 4.6% during the first quarter. Salvus Wealth Management LLC now owns 13,082 shares of the company’s technology stock worth $ 981,000 after purchasing an additional 571 shares during the period. DNB Asset Management AS boosted its holdings in shares of SS&C Technologies by 4.6% during the first quarter. DNB Asset Management AS now owns 46,412 shares of the company’s technology stock worth $ 3,482,000 after purchasing an additional 2,060 shares during the period. Finally, First Hawaiian Bank boosted its holdings in shares of SS&C Technologies by 2.4% during the first quarter. First Hawaiian Bank now owns 14,714 shares of the company’s technology stock worth $ 1,104,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

A number of analysts have recently weighed in on the stock. Raymond James dropped their target price on shares of SS&C Technologies from $ 95.00 to $ 93.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 5th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 29th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $ 92.25.

SSNC stock opened at $ 60.66 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $ 54.59 and a 1 year high of $ 84.85. The company has a market cap of $ 15.45 billion, a P / E ratio of 20.36 and a beta of 1.56. The firm has a 50-day moving average of $ 62.82 and a 200-day moving average of $ 72.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.08.

SS&C Technologies (NASDAQ: SSNCGet Rating) last announced its earnings results on Thursday, April 28th. The technology company reported $ 1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $ 1.17 by ($ 0.04). SS&C Technologies had a net margin of 15.59% and a return on equity of 20.78%. The business had revenue of $ 1.30 billion for the quarter, compared to the consensus estimate of $ 1.29 billion. During the same period in the prior year, the business posted $ 1.10 EPS. SS&C Technologies’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $ 0.20 per share. This represents a $ 0.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 31st. SS&C Technologies’s dividend payout ratio is 26.85%.

About SS&C Technologies (Get Rating)

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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



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