Bryn Mawr Trust Advisors LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,640 shares of the technology company’s stock after purchasing an additional 1,755 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in SS&C Technologies were worth $10,982,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SSNC. Andra AP fonden increased its holdings in shares of SS&C Technologies by 73.7% in the 2nd quarter. Andra AP fonden now owns 226,200 shares of the technology company’s stock worth $18,729,000 after buying an additional 96,000 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of SS&C Technologies by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 69,196 shares of the technology company’s stock valued at $5,721,000 after acquiring an additional 2,635 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in SS&C Technologies by 71.2% in the second quarter. Cornercap Investment Counsel Inc. now owns 18,560 shares of the technology company’s stock worth $1,537,000 after acquiring an additional 7,720 shares in the last quarter. Fullcircle Wealth LLC increased its stake in SS&C Technologies by 11.4% during the second quarter. Fullcircle Wealth LLC now owns 3,080 shares of the technology company’s stock worth $263,000 after acquiring an additional 316 shares during the last quarter. Finally, Bank of Montreal Can raised its position in SS&C Technologies by 110.9% during the second quarter. Bank of Montreal Can now owns 240,744 shares of the technology company’s stock valued at $19,934,000 after purchasing an additional 126,598 shares during the period. Institutional investors own 96.90% of the company’s stock.
SS&C Technologies Stock Performance
SSNC stock opened at $84.38 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $91.07. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 25.04 and a beta of 1.24. The business’s fifty day simple moving average is $86.16 and its two-hundred day simple moving average is $83.43. 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 Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio is 32.05%.
Analyst Upgrades and Downgrades
SSNC has been the subject of a number of recent research reports. UBS Group lifted their target price on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report 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. Morgan Stanley boosted 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, October 24th. Jefferies Financial Group raised 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, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.75.
Read Our Latest Research Report on SS&C Technologies
About SS&C Technologies
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.
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