SS&C Technologies Holdings, Inc. $SSNC Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.0% in the second quarter, Holdings Channel reports. The fund owned 2,670 shares of the technology company’s stock after selling 940 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in SS&C Technologies were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SSNC. Larson Financial Group LLC raised its holdings in SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. Elequin Capital LP purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $30,000. Finally, SVB Wealth LLC purchased a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $83.27 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $20.34 billion, a P/E ratio of 24.71 and a beta of 1.23. The company has a 50 day moving average price of $86.69 and a 200 day moving average price of $83.13. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $91.07.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio is 32.05%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. DA Davidson set a $102.00 price target on shares of SS&C Technologies in a research note on Friday, October 24th. Royal Bank Of Canada increased their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Morgan Stanley increased 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 research note on Friday, October 24th. Finally, Raymond James Financial increased their price target on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies Profile

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.