National Pension Service Purchases 39,984 Shares of SS&C Technologies Holdings, Inc. $SSNC

National Pension Service increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.2% during the third quarter, Holdings Channel reports. The fund owned 186,824 shares of the technology company’s stock after purchasing an additional 39,984 shares during the period. National Pension Service’s holdings in SS&C Technologies were worth $16,582,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC grew its holdings in shares of SS&C Technologies by 3.4% during the second quarter. AlphaCore Capital LLC now owns 3,671 shares of the technology company’s stock worth $304,000 after purchasing an additional 120 shares during the last quarter. AXA S.A. lifted its position in SS&C Technologies by 1.4% during the 2nd quarter. AXA S.A. now owns 9,372 shares of the technology company’s stock worth $776,000 after buying an additional 130 shares in the last quarter. Whalen Wealth Management Inc. lifted its position in SS&C Technologies by 4.2% during the 3rd quarter. Whalen Wealth Management Inc. now owns 3,242 shares of the technology company’s stock worth $288,000 after buying an additional 130 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in SS&C Technologies by 3.6% during the 3rd quarter. J.Safra Asset Management Corp now owns 3,750 shares of the technology company’s stock worth $333,000 after acquiring an additional 130 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in SS&C Technologies by 12.7% in the 2nd quarter. Penserra Capital Management LLC now owns 1,164 shares of the technology company’s stock valued at $96,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the transaction, the director owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This represents a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on shares of SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday, January 21st. Morgan Stanley lifted their target price on SS&C Technologies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Finally, Needham & Company LLC boosted their target price on SS&C Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.25.

SS&C Technologies Price Performance

SSNC opened at $82.21 on Tuesday. The company has a fifty day moving average price of $86.58 and a two-hundred day moving average price of $86.16. The firm has a market capitalization of $20.06 billion, a PE ratio of 24.39 and a beta of 1.17. SS&C Technologies Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $91.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12.

SS&C Technologies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 1st. SS&C Technologies’s dividend payout ratio is currently 32.05%.

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.