SS&C Technologies Holdings, Inc. $SSNC Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 80.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,294 shares of the technology company’s stock after buying an additional 3,695 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in SS&C Technologies were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SSNC. Swedbank AB raised its stake in shares of SS&C Technologies by 72.0% during the second quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock valued at $283,147,000 after purchasing an additional 1,431,620 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in SS&C Technologies by 87.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock worth $147,998,000 after acquiring an additional 834,393 shares in the last quarter. AQR Capital Management LLC increased its stake in SS&C Technologies by 28.7% in 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 in the last quarter. Commerce Bank increased its stake in SS&C Technologies by 12,105.9% in the 1st quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock worth $36,317,000 after purchasing an additional 431,213 shares in the last quarter. Finally, Nuveen LLC purchased a new position in SS&C Technologies in the 1st quarter worth about $33,000,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. Raymond James Financial lifted their target price on SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Jefferies Financial Group boosted their price target on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley upped their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, UBS Group upped their price target on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies Stock Down 0.1%

Shares of NASDAQ:SSNC opened at $85.37 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $20.85 billion, a PE ratio of 25.33 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $91.07. The company’s fifty day moving average is $86.78 and its 200-day moving average is $83.08.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $1.08 dividend. This is an increase 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 annualized dividend and a dividend yield of 5.1%. SS&C Technologies’s payout ratio is 32.05%.

About SS&C Technologies

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.