Hantz Financial Services Inc. Has $7.17 Million Holdings in SS&C Technologies Holdings, Inc. $SSNC

Hantz Financial Services Inc. lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,604 shares of the technology company’s stock after selling 25,403 shares during the period. Hantz Financial Services Inc.’s holdings in SS&C Technologies were worth $7,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kestra Private Wealth Services LLC raised its holdings 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 worth $1,341,000 after acquiring an additional 3,698 shares during the period. Bank of New York Mellon Corp raised its holdings in SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock worth $99,486,000 after acquiring an additional 75,807 shares during the period. Envestnet Asset Management Inc. raised 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 worth $61,522,000 after acquiring an additional 177,079 shares during the period. Northern Trust Corp raised 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 worth $120,914,000 after acquiring an additional 21,252 shares during the period. Finally, Eaton Financial Holdings Company LLC bought a new position in SS&C Technologies in the 2nd quarter worth $2,828,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Jefferies Financial Group lifted their target price on shares of SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group lifted their target price on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. One investment 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 stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $101.75.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $83.64 on Friday. The firm’s 50-day moving average is $86.59 and its 200-day moving average is $83.13. SS&C Technologies Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $91.07. 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 company has a market cap of $20.43 billion, a price-to-earnings ratio of 24.82 and a beta of 1.23.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. 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. This represents a $4.32 dividend on an annualized basis and a yield of 5.2%. SS&C Technologies’s 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.