SS&C Technologies Holdings, Inc. $SSNC Stock: University of Texas Texas AM Investment Management Co. Grows Position

University of Texas Texas AM Investment Management Co. boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 66.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,196 shares of the technology company’s stock after buying an additional 14,065 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in SS&C Technologies were worth $2,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $25,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of SS&C Technologies in the 3rd quarter valued at $29,000. Ameritas Advisory Services LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $31,000. Johnson Financial Group Inc. purchased a new stake in SS&C Technologies in the 2nd quarter valued at $43,000. Finally, Westpac Banking Corp purchased a new stake in SS&C Technologies in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SSNC shares. Evercore upgraded shares of SS&C Technologies to an “outperform” rating in a research note on Friday, October 23rd. Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. DA Davidson lifted their price objective on shares of SS&C Technologies from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada upped their target price on shares of SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, Zacks Research downgraded shares of SS&C Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.57.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $77.71 on Monday. The business’s 50 day moving average is $81.01 and its two-hundred day moving average is $74.23. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $89.93. The company has a market capitalization of $18.23 billion, a P/E ratio of 22.33 and a beta of 1.04. 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 (NASDAQ:SSNC) last released its earnings results on Thursday, October 22nd. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

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

About SS&C Technologies