SS&C Technologies Holdings, Inc. $SSNC Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,443 shares of the technology company’s stock after purchasing an additional 500 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in SS&C Technologies were worth $947,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after buying an additional 3,698 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock valued at $99,486,000 after buying an additional 75,807 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of SS&C Technologies by 403.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock valued at $6,337,000 after buying an additional 60,784 shares during the period. Envestnet Asset Management Inc. increased its holdings in SS&C Technologies by 31.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company’s stock valued at $61,522,000 after purchasing an additional 177,079 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in SS&C Technologies by 1.5% in the 1st quarter. Northern Trust Corp now owns 1,447,556 shares of the technology company’s stock valued at $120,914,000 after purchasing an additional 21,252 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Saturday. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada boosted 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 report on Friday. Finally, Raymond James Financial upped their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday. One research 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 company. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average price target of $100.38.

SS&C Technologies Trading Up 4.6%

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

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $1.08 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 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.