Coppell Advisory Solutions LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,999 shares of the technology company’s stock, valued at approximately $3,475,000.
Several other large investors also recently added to or reduced their stakes in SSNC. Jones Financial Companies Lllp purchased a new position in shares of SS&C Technologies during the second quarter worth approximately $25,000. Havemeyer Place LP purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $26,000. EFG International AG purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. bought a new position in SS&C Technologies in the second quarter worth approximately $40,000. Finally, Fifth Third Bancorp grew its stake in SS&C Technologies by 216.4% in the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after purchasing an additional 329 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.
SS&C Technologies Trading Up 0.8%
Shares of NASDAQ:SSNC opened at $82.55 on Thursday. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $90.26. The business’s fifty day simple moving average is $74.50 and its 200-day simple moving average is $71.20. The company has a market capitalization of $19.37 billion, a PE ratio of 23.72 and a beta of 1.09. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.
Analyst Ratings Changes
A number of brokerages have weighed in on SSNC. Jefferies Financial Group decreased their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. UBS Group reissued a “buy” rating and set a $99.00 price target on shares of SS&C Technologies in a research report on Thursday, August 13th. DA Davidson restated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of SS&C Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $92.38.
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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