LPL Financial LLC Increases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LPL Financial LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 15.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,186 shares of the technology company’s stock after acquiring an additional 4,642 shares during the period. LPL Financial LLC’s holdings in SS&C Technologies were worth $1,780,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its position in shares of SS&C Technologies by 18.2% in the fourth 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 period. BlackRock Inc. raised its position in shares of SS&C Technologies by 7.8% in the third 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 period. Diamond Hill Capital Management Inc. raised its position in shares of SS&C Technologies by 29.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,503,268 shares of the technology company’s stock worth $358,281,000 after acquiring an additional 1,687,932 shares during the period. Capital World Investors acquired a new position in shares of SS&C Technologies during the 1st quarter worth about $103,226,000. Finally, Boston Partners raised its position in shares of SS&C Technologies by 15.3% during the 3rd quarter. Boston Partners now owns 7,695,276 shares of the technology company’s stock worth $367,889,000 after purchasing an additional 1,023,361 shares during the last quarter. 83.14% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $56.22 on Wednesday. The firm has a 50 day simple moving average of $55.82 and a 200-day simple moving average of $55.58. SS&C Technologies Holdings, Inc. has a 1-year low of $45.25 and a 1-year high of $65.92. 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 cap of $14.01 billion, a price-to-earnings ratio of 24.13 and a beta of 1.42.

SS&C Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Needham & Company LLC upped their price target on shares of SS&C Technologies from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. DA Davidson upped their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. JPMorgan Chase & Co. initiated coverage on shares of SS&C Technologies in a research report on Wednesday, March 15th. They set an “overweight” rating and a $68.00 price target for the company. Raymond James upped their price objective on shares of SS&C Technologies from $63.00 to $74.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of SS&C Technologies in a research note on Thursday, March 9th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $68.67.

SS&C Technologies Company 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.