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

PGGM Investments increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,513 shares of the technology company’s stock after purchasing an additional 1,819 shares during the quarter. PGGM Investments’ holdings in SS&C Technologies were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC grew its stake in SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $27,000. Versant Capital Management Inc lifted its holdings in shares of SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after buying an additional 693 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $51,000. Finally, Principal Securities Inc. acquired a new stake in shares of SS&C Technologies during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity

In other news, Director Michael Jay Zamkow sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $61.92, for a total transaction of $619,200.00. Following the sale, the director now directly owns 38,000 shares in the company, valued at $2,352,960. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

SS&C Technologies Stock Performance

Shares of SSNC stock traded up $1.13 during trading hours on Thursday, reaching $72.53. 263,878 shares of the company’s stock were exchanged, compared to its average volume of 983,848. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $73.97. The stock has a market capitalization of $17.80 billion, a P/E ratio of 28.45 and a beta of 1.38. The business has a fifty day moving average price of $65.66 and a 200-day moving average price of $63.58. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.01.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio is presently 38.25%.

About SS&C Technologies

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.