SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.27 per share by the technology company on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, March 2nd.
SS&C Technologies has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 9 consecutive years. SS&C Technologies has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SS&C Technologies to earn $6.08 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 17.8%.
SS&C Technologies Stock Performance
Shares of SSNC stock traded down $0.16 during mid-day trading on Friday, reaching $71.22. The stock had a trading volume of 413,407 shares, compared to its average volume of 2,091,052. SS&C Technologies has a 1-year low of $69.61 and a 1-year high of $91.07. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 22.52 and a beta of 1.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is $83.20 and its 200-day moving average is $85.13.
Insider Activity at SS&C Technologies
In related news, Director Normand A. Boulanger sold 150,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the sale, the director owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On SS&C Technologies
Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of SS&C Technologies by 0.8% in the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock worth $1,702,971,000 after buying an additional 165,821 shares in the last quarter. Pzena Investment Management LLC lifted its stake in SS&C Technologies by 1.4% in the 4th quarter. Pzena Investment Management LLC now owns 10,313,582 shares of the technology company’s stock worth $901,613,000 after purchasing an additional 137,691 shares in the last quarter. State Street Corp boosted its holdings in shares of SS&C Technologies by 2.1% during the 4th quarter. State Street Corp now owns 6,064,115 shares of the technology company’s stock worth $530,125,000 after purchasing an additional 125,580 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of SS&C Technologies by 1.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 5,239,571 shares of the technology company’s stock worth $433,836,000 after purchasing an additional 53,264 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of SS&C Technologies by 4,424.6% in the fourth quarter. Bank of Montreal Can now owns 5,126,190 shares of the technology company’s stock valued at $448,132,000 after purchasing an additional 5,012,893 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.
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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