Stephens Inc. AR Lowers Stake in SS&C Technologies Holdings, Inc. $SSNC

Stephens Inc. AR lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,265 shares of the technology company’s stock after selling 200 shares during the period. Stephens Inc. AR’s holdings in SS&C Technologies were worth $3,168,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of SS&C Technologies by 20.0% in the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock worth $275,000 after buying an additional 549 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of SS&C Technologies by 47.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock worth $3,085,000 after buying an additional 11,863 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of SS&C Technologies by 37.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company’s stock worth $1,004,000 after buying an additional 3,293 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of SS&C Technologies in the first quarter worth about $1,225,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of SS&C Technologies in the first quarter worth about $522,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SSNC shares. Raymond James Financial upped their target price on SS&C Technologies from $95.00 to $101.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 17th. Morgan Stanley upped their target price on SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. UBS Group boosted their price target on SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, DA Davidson boosted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.13.

SS&C Technologies Trading Down 0.5%

Shares of NASDAQ SSNC opened at $82.05 on Thursday. The stock’s 50 day moving average price is $87.04 and its two-hundred day moving average price is $82.70. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $91.07. The stock has a market capitalization of $20.04 billion, a P/E ratio of 25.72 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. SS&C Technologies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. The ex-dividend date was Tuesday, September 2nd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a yield of 5.3%. SS&C Technologies’s payout ratio is currently 33.86%.

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.