SS&C Technologies Holdings, Inc. $SSNC Stock Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% during the 3rd quarter, Holdings Channel reports. The firm owned 2,123,578 shares of the technology company’s stock after buying an additional 102,252 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SS&C Technologies were worth $163,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meiji Yasuda Life Insurance Co grew its holdings in shares of SS&C Technologies by 1.3% in the second quarter. Meiji Yasuda Life Insurance Co now owns 15,189 shares of the technology company’s stock valued at $942,000 after purchasing an additional 192 shares in the last quarter. Kera Capital Partners Inc. lifted its holdings in SS&C Technologies by 4.5% during the 1st quarter. Kera Capital Partners Inc. now owns 4,486 shares of the technology company’s stock worth $303,000 after buying an additional 194 shares in the last quarter. HB Wealth Management LLC lifted its holdings in SS&C Technologies by 6.6% during the 1st quarter. HB Wealth Management LLC now owns 4,151 shares of the technology company’s stock worth $280,000 after buying an additional 256 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in SS&C Technologies by 94.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 749 shares of the technology company’s stock worth $58,000 after buying an additional 364 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in SS&C Technologies in the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SSNC shares. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, July 24th. DA Davidson reiterated a “buy” rating and issued a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. UBS Group reiterated a “buy” rating and issued a $101.00 price objective on shares of SS&C Technologies in a research note on Wednesday, September 9th. Jefferies Financial Group decreased their target price on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Royal Bank Of Canada boosted their target price on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.62.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $87.09 on Thursday. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $89.93. The firm has a market capitalization of $20.44 billion, a P/E ratio of 25.03 and a beta of 1.09. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $81.28 and its 200 day moving average price is $73.49.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. SS&C Technologies’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s payout ratio is presently 34.48%.

SS&C Technologies Company Profile

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.