SS&C Technologies Holdings, Inc. $SSNC Stock Position Trimmed by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,292 shares of the technology company’s stock after selling 35,292 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in SS&C Technologies were worth $7,344,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SSNC. ZWJ Investment Counsel Inc. lifted its stake in shares of SS&C Technologies by 6.7% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 495,122 shares of the technology company’s stock worth $38,159,000 after buying an additional 30,907 shares during the last quarter. Andra AP fonden boosted its holdings in shares of SS&C Technologies by 56.9% during the 2nd quarter. Andra AP fonden now owns 331,000 shares of the technology company’s stock worth $20,539,000 after buying an additional 120,100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in SS&C Technologies in the 2nd quarter valued at about $15,709,000. GSA Capital Partners LLP acquired a new position in SS&C Technologies in the 2nd quarter valued at about $1,380,000. Finally, Deutsche Bank AG bought a new position in SS&C Technologies in the 2nd quarter valued at about $49,838,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SSNC shares. UBS Group reissued a “buy” rating on shares of SS&C Technologies in a report on Friday, October 23rd. Jefferies Financial Group boosted their price objective on SS&C Technologies from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. BWS Financial reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Weiss Ratings upgraded SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, JPMorgan Chase & Co. lowered their target price on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $96.57.

SS&C Technologies Price Performance

SSNC opened at $77.71 on Monday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $89.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $18.23 billion, a P/E ratio of 22.33 and a beta of 1.04. The stock has a fifty day moving average of $81.01 and a 200-day moving average of $74.23.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the company posted $1.57 earnings per share. SS&C Technologies’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.30 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

About SS&C Technologies