AG2R LA Mondiale Gestion D Actifs Increases Position in SS&C Technologies Holdings, Inc. $SSNC

AG2R LA Mondiale Gestion D Actifs lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,443 shares of the technology company’s stock after buying an additional 500 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in SS&C Technologies were worth $947,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SSNC. Larson Financial Group LLC raised its stake in shares of 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 period. Whittier Trust Co. acquired a new stake in SS&C Technologies during the 1st quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new stake in SS&C Technologies during the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in SS&C Technologies during the 1st quarter valued at $30,000. Finally, SVB Wealth LLC acquired a new stake in SS&C Technologies during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada raised their price target on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group lifted their price objective on shares of SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Friday. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, Morgan Stanley lifted their price objective on shares of SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.38.

SS&C Technologies Stock Up 4.6%

SSNC stock opened at $84.63 on Monday. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $91.07. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 25.11 and a beta of 1.23. The firm’s 50-day moving average is $86.86 and its two-hundred day moving average is $82.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a dividend yield of 5.1%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio is presently 32.05%.

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.