Squarepoint Ops LLC grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 94.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,425,413 shares of the technology company’s stock after purchasing an additional 691,464 shares during the quarter. Squarepoint Ops LLC owned approximately 0.61% of SS&C Technologies worth $88,447,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in SS&C Technologies during the second quarter valued at approximately $25,000. Havemeyer Place LP acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $26,000. EFG International AG bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter valued at approximately $31,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of SS&C Technologies during the 2nd quarter valued at approximately $40,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.
SS&C Technologies Stock Performance
Shares of SSNC opened at $80.45 on Wednesday. The firm has a 50-day moving average price of $76.11 and a 200 day moving average price of $71.51. The firm has a market capitalization of $18.88 billion, a PE ratio of 23.12 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. SS&C Technologies Holdings, Inc. has a 52-week low of $61.40 and a 52-week high of $90.26.
SS&C Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.5%. SS&C Technologies’s dividend payout ratio is presently 34.48%.
Analysts Set New Price Targets
SSNC has been the subject of a number of research reports. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group reissued a “buy” rating and set a $99.00 target price on shares of SS&C Technologies in a report on Thursday, August 13th. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. decreased their price target on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.38.
Check Out Our Latest Report on SS&C Technologies
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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