Rehmann Capital Advisory Group Has $953,000 Stake in SS&C Technologies Holdings, Inc. $SSNC

Rehmann Capital Advisory Group increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 269.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,508 shares of the technology company’s stock after acquiring an additional 8,389 shares during the period. Rehmann Capital Advisory Group’s holdings in SS&C Technologies were worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company’s stock valued at $1,704,134,000 after buying an additional 186,440 shares during the last quarter. Pzena Investment Management LLC increased its stake in SS&C Technologies by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 10,460,579 shares of the technology company’s stock valued at $866,136,000 after buying an additional 37,134 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of SS&C Technologies by 3.6% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company’s stock worth $433,212,000 after purchasing an additional 182,200 shares during the last quarter. Swedbank AB increased its stake in shares of SS&C Technologies by 72.0% during the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock worth $283,147,000 after purchasing an additional 1,431,620 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of SS&C Technologies by 28.7% during the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after purchasing an additional 651,650 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $82.05 on Thursday. The company’s 50 day moving average price is $87.04 and its two-hundred day moving average price is $82.70. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $91.07. The firm has a market cap of $20.04 billion, a PE ratio of 25.72 and a beta of 1.23. 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 (NASDAQ:SSNC) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.3%. SS&C Technologies’s payout ratio is currently 33.86%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent analyst reports. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. DA Davidson boosted their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Raymond James Financial lifted their target price on shares of SS&C Technologies from $95.00 to $101.00 and gave the stock a “strong-buy” rating in a report on Friday, October 17th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Morgan Stanley lifted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.13.

SS&C Technologies Profile

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.