Coppell Advisory Solutions LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 55,999 shares of the technology company’s stock, valued at approximately $3,475,000.
Several other large investors also recently bought and sold shares of SSNC. Havemeyer Place LP acquired a new position in SS&C Technologies during the 4th quarter valued at approximately $26,000. EFG International AG purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at $29,000. Jones Financial Companies Lllp purchased a new stake in shares of SS&C Technologies during the second quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $40,000. Finally, Fifth Third Bancorp increased its position in shares of SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after acquiring an additional 329 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.
SS&C Technologies Price Performance
NASDAQ:SSNC opened at $82.55 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $90.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 23.72 and a beta of 1.09. The firm’s fifty day moving average is $74.50 and its two-hundred day moving average is $71.20.
SS&C Technologies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is 34.48%.
Wall Street Analyst Weigh In
A number of brokerages have commented on SSNC. JPMorgan Chase & Co. lowered their price target on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Royal Bank Of Canada increased their price objective on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday. UBS Group restated a “buy” rating and issued a $99.00 price objective on shares of SS&C Technologies in a research note on Thursday, August 13th. DA Davidson reiterated a “buy” rating and issued a $96.00 target price on shares of SS&C Technologies in a research report on Monday, July 27th. Finally, Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.38.
View Our Latest Stock Analysis on SS&C Technologies
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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