SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 745,218 shares of the technology company’s stock after acquiring an additional 8,695 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SS&C Technologies were worth $61,704,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SSNC. GAMMA Investing LLC boosted its position in SS&C Technologies by 20.0% during the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock worth $275,000 after acquiring an additional 549 shares during the last quarter. Amalgamated Bank boosted its position in SS&C Technologies by 4.1% during the first quarter. Amalgamated Bank now owns 11,420 shares of the technology company’s stock worth $954,000 after acquiring an additional 446 shares during the last quarter. Vontobel Holding Ltd. boosted its position in SS&C Technologies by 13.5% during the first quarter. Vontobel Holding Ltd. now owns 19,947 shares of the technology company’s stock worth $1,666,000 after acquiring an additional 2,370 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in SS&C Technologies during the first quarter worth approximately $204,000. Finally, Teacher Retirement System of Texas acquired a new stake in SS&C Technologies during the first quarter worth approximately $2,904,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $83.64 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 24.82 and a beta of 1.23. The firm’s fifty day simple moving average is $86.59 and its 200 day simple moving average is $83.13. SS&C Technologies Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $91.07.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio (DPR) is presently 32.05%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSNC. Jefferies Financial Group lifted their price target on shares of SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley lifted their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. DA Davidson set a $102.00 price target on shares of SS&C Technologies in a report on Friday, October 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $101.75.

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.