SS&C Technologies Holdings, Inc. $SSNC Stock Holdings Decreased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,920 shares of the technology company’s stock after selling 12,212 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in SS&C Technologies were worth $3,388,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SSNC. Larson Financial Group LLC grew its position in SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company’s stock valued at $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. bought a new stake in SS&C Technologies in the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in SS&C Technologies in the first quarter worth approximately $29,000. Elequin Capital LP bought a new stake in SS&C Technologies in the first quarter worth approximately $30,000. Finally, SVB Wealth LLC bought a new stake in SS&C Technologies in the first quarter worth approximately $33,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SSNC. JPMorgan Chase & Co. boosted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Saturday. Royal Bank Of Canada upped their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James Financial upped their target price on shares of SS&C Technologies from $101.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, Needham & Company LLC upped their target price on shares of SS&C Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

SS&C Technologies Trading Up 4.6%

SSNC opened at $84.63 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $20.67 billion, a PE ratio of 25.11 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The firm has a 50-day moving average price of $86.86 and a two-hundred day moving average price of $82.92.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.92%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.25. 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.