Neuburgh Advisers LLC Purchases Shares of 10,648 SS&C Technologies Holdings, Inc. (SSNC)

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Neuburgh Advisers LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,648 shares of the technology company’s stock, valued at approximately $553,000.

Other hedge funds have also modified their holdings of the company. First Personal Financial Services increased its position in shares of SS&C Technologies by 1,543.1% during the first quarter. First Personal Financial Services now owns 1,906 shares of the technology company’s stock worth $102,000 after purchasing an additional 1,790 shares in the last quarter. Squar Milner Financial Services LLC acquired a new position in shares of SS&C Technologies during the second quarter worth $108,000. Summit Trail Advisors LLC increased its position in shares of SS&C Technologies by 17,584.8% during the first quarter. Summit Trail Advisors LLC now owns 122,556 shares of the technology company’s stock worth $123,000 after purchasing an additional 121,863 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of SS&C Technologies by 3,755.1% during the second quarter. CENTRAL TRUST Co now owns 3,778 shares of the technology company’s stock worth $196,000 after purchasing an additional 3,680 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of SS&C Technologies during the first quarter worth $200,000. 83.58% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SSNC opened at $59.00 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.53 and a current ratio of 1.53. SS&C Technologies Holdings, Inc. has a 1 year low of $37.45 and a 1 year high of $60.97. The firm has a market capitalization of $14.22 billion, a P/E ratio of 32.96, a PEG ratio of 1.94 and a beta of 1.19.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. SS&C Technologies had a return on equity of 14.43% and a net margin of 9.99%. The firm had revenue of $908.50 million for the quarter, compared to the consensus estimate of $903.63 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s revenue was up 121.0% on a year-over-year basis. analysts expect that SS&C Technologies Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.54%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 31st. SS&C Technologies’s dividend payout ratio is presently 17.88%.

SSNC has been the topic of a number of recent analyst reports. Needham & Company LLC upped their price target on SS&C Technologies to $68.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Sandler O’Neill reaffirmed a “buy” rating and set a $64.00 price target on shares of SS&C Technologies in a research report on Friday, August 3rd. Zacks Investment Research raised SS&C Technologies from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday, August 9th. BidaskClub raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Finally, ValuEngine downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $60.91.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

See Also: Stock Symbol

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

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