SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 39.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,099 shares of the technology company’s stock after selling 18,658 shares during the period. Fisher Funds Management LTD’s holdings in SS&C Technologies were worth $2,327,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SSNC. Swedbank AB boosted its stake in shares of SS&C Technologies by 72.0% during the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock worth $283,147,000 after purchasing an additional 1,431,620 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of SS&C Technologies by 87.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock worth $147,998,000 after purchasing an additional 834,393 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of SS&C Technologies by 28.7% during the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock worth $238,338,000 after purchasing an additional 651,650 shares during the last quarter. Commerce Bank boosted its stake in shares of SS&C Technologies by 12,105.9% during the 1st quarter. Commerce Bank now owns 434,775 shares of the technology company’s stock worth $36,317,000 after purchasing an additional 431,213 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $33,000,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.5%

Shares of NASDAQ:SSNC opened at $84.92 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 company has a fifty day simple moving average of $86.48 and a 200 day simple moving average of $83.19. The firm has a market cap of $20.74 billion, a PE ratio of 25.20 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $91.07.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s payout ratio is presently 32.05%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several analyst reports. UBS Group raised their price target on shares of SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Raymond James Financial increased their price objective on shares of SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $101.75.

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.