Strs Ohio Purchases 33,687 Shares of SS&C Technologies Holdings, Inc. $SSNC

Strs Ohio raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.1% in the second quarter, Holdings Channel reports. The fund owned 336,158 shares of the technology company’s stock after acquiring an additional 33,687 shares during the period. Strs Ohio’s holdings in SS&C Technologies were worth $27,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSNC. Swedbank AB lifted its holdings in shares of SS&C Technologies by 72.0% during the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock valued at $283,147,000 after acquiring an additional 1,431,620 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in SS&C Technologies by 87.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock worth $147,998,000 after buying an additional 834,393 shares during the last quarter. AQR Capital Management LLC grew its stake in SS&C Technologies by 28.7% during the first quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after buying an additional 651,650 shares during the last quarter. Commerce Bank grew its stake in SS&C Technologies by 12,105.9% during the first quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock worth $36,317,000 after buying an additional 431,213 shares during the last quarter. Finally, Nuveen LLC bought a new stake in SS&C Technologies during the first quarter worth about $33,000,000. 96.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SSNC. Royal Bank Of Canada upped their price objective on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $102.00 price objective on shares of SS&C Technologies in a research note on Friday, October 24th. JPMorgan Chase & Co. upped their price objective 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. Jefferies Financial Group lifted their price target on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday. Finally, UBS Group upped their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.

SS&C Technologies Stock Up 0.4%

Shares of NASDAQ SSNC opened at $83.64 on Friday. The firm’s 50-day simple moving average is $86.59 and its 200 day simple moving average is $83.13. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 24.82 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 Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07.

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 issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 annualized dividend and a yield of 5.2%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s dividend payout ratio (DPR) is presently 32.05%.

SS&C Technologies Company 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.