Strs Ohio Has $2 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Strs Ohio cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,715 shares of the technology company’s stock after selling 4,102 shares during the period. Strs Ohio’s holdings in SS&C Technologies were worth $1,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Nordea Investment Management AB raised its holdings in shares of SS&C Technologies by 127.0% during the fourth quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock worth $14,839,000 after acquiring an additional 135,775 shares during the period. GHP Investment Advisors Inc. raised its position in SS&C Technologies by 22.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after buying an additional 19,374 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $2,388,000. Bank of New York Mellon Corp raised its holdings in shares of SS&C Technologies by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock valued at $71,063,000 after purchasing an additional 68,359 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of SS&C Technologies by 571.4% in the third quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company’s stock worth $21,518,000 after purchasing an additional 348,563 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSNC has been the subject of a number of analyst reports. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Royal Bank of Canada raised their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Citigroup increased their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.78.

SS&C Technologies Stock Up 0.6 %

SSNC stock opened at $60.82 on Friday. The business’s 50 day simple moving average is $62.89 and its 200 day simple moving average is $58.82. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The firm has a market capitalization of $15.04 billion, a PE ratio of 25.55 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is presently 40.34%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.