ProShare Advisors LLC Acquires 8,373 Shares of SS&C Technologies Holdings, Inc. $SSNC

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

Several other large investors have also recently added to or reduced their stakes in the business. Vise Technologies Inc. boosted its position in shares of SS&C Technologies by 23.5% in the third quarter. Vise Technologies Inc. now owns 4,582 shares of the technology company’s stock worth $353,000 after acquiring an additional 872 shares during the last quarter. State of Wyoming acquired a new position in SS&C Technologies during the third quarter worth approximately $65,000. CHICAGO TRUST Co NA raised its stake in SS&C Technologies by 8.2% during the third quarter. CHICAGO TRUST Co NA now owns 11,978 shares of the technology company’s stock worth $923,000 after purchasing an additional 907 shares during the period. Asset Management One Co. Ltd. raised its stake in SS&C Technologies by 11.8% during the third quarter. Asset Management One Co. Ltd. now owns 109,815 shares of the technology company’s stock worth $8,463,000 after purchasing an additional 11,571 shares during the period. Finally, Park Avenue Securities LLC raised its stake in SS&C Technologies by 11.0% during the third quarter. Park Avenue Securities LLC now owns 12,392 shares of the technology company’s stock worth $955,000 after purchasing an additional 1,224 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.57 on Thursday. The company’s fifty day simple moving average is $81.22 and its 200-day simple moving average is $74.30. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $89.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market cap of $18.67 billion, a PE ratio of 22.86 and a beta of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $1.57 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.30 EPS for the current year.

SS&C Technologies Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SSNC. Evercore raised shares of SS&C Technologies to an “outperform” rating in a research note on Friday, October 23rd. Zacks Research lowered SS&C Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. DA Davidson lifted their target price on SS&C Technologies from $96.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Jefferies Financial Group boosted their price target on SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.57.

About SS&C Technologies

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.