SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 38,265 shares of the technology company’s stock after selling 200 shares during the period. Stephens Inc. AR’s holdings in SS&C Technologies were worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SSNC. IFM Investors Pty Ltd increased its position in SS&C Technologies by 0.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 43,256 shares of the technology company’s stock valued at $3,582,000 after acquiring an additional 130 shares during the period. Tectonic Advisors LLC boosted its stake in SS&C Technologies by 1.9% during the 1st quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company’s stock valued at $629,000 after purchasing an additional 144 shares in the last quarter. MAI Capital Management boosted its stake in SS&C Technologies by 11.7% during the 1st quarter. MAI Capital Management now owns 1,401 shares of the technology company’s stock valued at $117,000 after purchasing an additional 147 shares in the last quarter. Mutual Advisors LLC boosted its stake in SS&C Technologies by 3.0% during the 2nd quarter. Mutual Advisors LLC now owns 5,175 shares of the technology company’s stock valued at $441,000 after purchasing an additional 150 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in SS&C Technologies by 1.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,450 shares of the technology company’s stock valued at $1,362,000 after purchasing an additional 158 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $82.05 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 25.72 and a beta of 1.23. The stock’s fifty day simple moving average is $87.04 and its 200 day simple moving average is $82.70. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. SS&C Technologies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

SSNC has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. UBS Group increased their price target on SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley increased their price target on SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Raymond James Financial raised their price objective on SS&C Technologies from $95.00 to $101.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 17th. Finally, DA Davidson lifted their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.13.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.