SS&C Technologies Holdings, Inc. $SSNC Stock Position Boosted by ProShare Advisors LLC

ProShare Advisors LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,480 shares of the technology company’s stock after acquiring an additional 8,373 shares during the quarter. ProShare Advisors LLC’s holdings in SS&C Technologies were worth $8,052,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SSNC. Vise Technologies Inc. grew its holdings in SS&C Technologies by 23.5% during the 3rd quarter. Vise Technologies Inc. now owns 4,582 shares of the technology company’s stock valued at $353,000 after purchasing an additional 872 shares in the last quarter. State of Wyoming acquired a new position in SS&C Technologies in the 3rd quarter worth $65,000. CHICAGO TRUST Co NA boosted its position in SS&C Technologies by 8.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 11,978 shares of the technology company’s stock valued at $923,000 after buying an additional 907 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in SS&C Technologies by 11.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 109,815 shares of the technology company’s stock valued at $8,463,000 after buying an additional 11,571 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in SS&C Technologies by 11.0% in the 3rd quarter. Park Avenue Securities LLC now owns 12,392 shares of the technology company’s stock valued at $955,000 after buying an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SSNC shares. Weiss Ratings upgraded SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. UBS Group reiterated a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 23rd. Zacks Research downgraded SS&C Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Jefferies Financial Group raised their price objective on SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies Stock Down 1.6%

Shares of NASDAQ:SSNC opened at $79.57 on Thursday. The company’s fifty day moving average is $81.22 and its two-hundred day moving average is $74.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. SS&C Technologies Holdings, Inc. has a 1-year low of $61.40 and a 1-year high of $89.93. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $1.57 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.30 dividend. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio is 34.48%.

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.