Dimensional Fund Advisors LP Sells 24,327 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dimensional Fund Advisors LP trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,971,516 shares of the technology company’s stock after selling 24,327 shares during the period. Dimensional Fund Advisors LP’s holdings in SS&C Technologies were worth $102,643,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of SS&C Technologies by 7.8% during the 3rd quarter. BlackRock Inc. now owns 25,067,431 shares of the technology company’s stock worth $1,196,968,000 after acquiring an additional 1,809,055 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of SS&C Technologies by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 20,990,573 shares of the technology company’s stock worth $1,002,300,000 after acquiring an additional 401,503 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of SS&C Technologies by 18.2% during the 4th quarter. Pzena Investment Management LLC now owns 12,635,958 shares of the technology company’s stock worth $657,828,000 after acquiring an additional 1,947,334 shares during the last quarter. Boston Partners lifted its stake in shares of SS&C Technologies by 9.9% during the 4th quarter. Boston Partners now owns 8,453,275 shares of the technology company’s stock worth $442,484,000 after acquiring an additional 757,999 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in SS&C Technologies by 1.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 7,609,305 shares of the technology company’s stock worth $396,140,000 after purchasing an additional 106,037 shares during the period. 83.14% of the stock is owned by institutional investors.

SS&C Technologies Stock Up 0.7 %

SS&C Technologies stock opened at $56.20 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 24.12 and a beta of 1.42. SS&C Technologies Holdings, Inc. has a 1-year low of $45.25 and a 1-year high of $65.92. The business has a fifty day moving average price of $55.76 and a 200-day moving average price of $55.48.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. SS&C Technologies’s payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SSNC. TheStreet upgraded SS&C Technologies from a “c” rating to a “b-” rating in a report on Monday, January 23rd. Credit Suisse Group raised their price objective on SS&C Technologies from $78.00 to $83.00 in a report on Friday, April 28th. Raymond James raised their price objective on SS&C Technologies from $63.00 to $74.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 8th. StockNews.com assumed coverage on SS&C Technologies in a report on Thursday. They issued a “buy” rating on the stock. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $68.67.

SS&C Technologies Profile

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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.