SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by PGGM Investments

PGGM Investments raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,694 shares of the technology company’s stock after acquiring an additional 1,336 shares during the period. PGGM Investments’ holdings in SS&C Technologies were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Burney Co. increased its position in shares of SS&C Technologies by 294.9% during the first quarter. Burney Co. now owns 183,873 shares of the technology company’s stock valued at $11,836,000 after acquiring an additional 137,306 shares during the last quarter. Swedbank AB acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $94,939,000. Delphi Management Inc. MA acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $1,366,000. LRI Investments LLC acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $364,000. Finally, Plato Investment Management Ltd acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $1,115,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a report on Monday, April 29th. DA Davidson lifted their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.58 during mid-day trading on Friday, reaching $71.59. The stock had a trading volume of 1,242,230 shares, compared to its average volume of 1,192,122. The company has a market cap of $17.71 billion, a P/E ratio of 28.52 and a beta of 1.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $73.97. The business has a 50-day simple moving average of $64.08 and a 200 day simple moving average of $62.95.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $0.96 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.24 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 1.34%. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 5,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $63.14, for a total transaction of $315,700.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at $2,399,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 32,500 shares of company stock valued at $2,027,750 in the last quarter. 15.40% of the stock is currently owned by company insiders.

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.