SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,123,578 shares of the technology company’s stock after buying an additional 102,252 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.90% of SS&C Technologies worth $163,664,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SSNC. ZWJ Investment Counsel Inc. increased its holdings in shares of SS&C Technologies by 6.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 495,122 shares of the technology company’s stock valued at $38,159,000 after purchasing an additional 30,907 shares during the last quarter. Skylands Capital LLC boosted its stake in SS&C Technologies by 71.6% during the first quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock worth $9,357,000 after buying an additional 57,775 shares during the last quarter. Andra AP fonden boosted its stake in SS&C Technologies by 56.9% during the second quarter. Andra AP fonden now owns 331,000 shares of the technology company’s stock worth $20,539,000 after buying an additional 120,100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SS&C Technologies in the 2nd quarter valued at $15,709,000. Finally, GSA Capital Partners LLP purchased a new stake in SS&C Technologies in the 2nd quarter valued at $1,380,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.2%

Shares of SSNC opened at $87.09 on Thursday. The firm has a market cap of $20.44 billion, a P/E ratio of 25.03 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $89.93. The company’s 50-day moving average price is $81.28 and its 200 day moving average price is $73.49. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. SS&C Technologies’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. Royal Bank Of Canada raised their price objective on shares of SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. reduced their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a report on Wednesday, September 9th. Finally, Jefferies Financial Group dropped their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.62.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.