Running Oak Capital LLC Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Running Oak Capital LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,027 shares of the technology company’s stock after purchasing an additional 24,223 shares during the period. Running Oak Capital LLC owned approximately 0.06% of SS&C Technologies worth $8,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in shares of SS&C Technologies by 1.4% in the 3rd quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock valued at $747,615,000 after purchasing an additional 197,934 shares in the last quarter. Boston Partners boosted its stake in shares of SS&C Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock valued at $455,894,000 after purchasing an additional 435,377 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of SS&C Technologies by 0.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after purchasing an additional 44,764 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of SS&C Technologies by 5.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock valued at $80,180,000 after purchasing an additional 77,551 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of SS&C Technologies by 5.4% in the 3rd quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 75,440 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SSNC shares. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Citigroup increased their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, Needham & Company LLC increased their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.20.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $0.30 on Thursday, hitting $61.52. 765,990 shares of the company traded hands, compared to its average volume of 972,902. The stock has a market capitalization of $15.21 billion, a P/E ratio of 24.39 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86. The business has a 50-day simple moving average of $62.65 and a 200 day simple moving average of $59.40.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. Research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is currently 38.25%.

SS&C Technologies Company Profile

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.