Teacher Retirement System of Texas Increases Position in SS&C Technologies Holdings, Inc. $SSNC

Teacher Retirement System of Texas lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 95.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 68,055 shares of the technology company’s stock after acquiring an additional 33,289 shares during the quarter. Teacher Retirement System of Texas’ holdings in SS&C Technologies were worth $5,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SSNC. GAMMA Investing LLC increased its position in shares of SS&C Technologies by 20.0% during the 1st quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock valued at $275,000 after purchasing an additional 549 shares during the last quarter. Amalgamated Bank grew its position in SS&C Technologies by 4.1% during the first quarter. Amalgamated Bank now owns 11,420 shares of the technology company’s stock valued at $954,000 after buying an additional 446 shares during the period. Vontobel Holding Ltd. grew its position in SS&C Technologies by 13.5% during the first quarter. Vontobel Holding Ltd. now owns 19,947 shares of the technology company’s stock valued at $1,666,000 after buying an additional 2,370 shares during the period. Aaron Wealth Advisors LLC bought a new position in SS&C Technologies during the first quarter valued at about $204,000. Finally, ZWJ Investment Counsel Inc. boosted its stake in SS&C Technologies by 0.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 331,256 shares of the technology company’s stock valued at $27,670,000 after acquiring an additional 904 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SSNC shares. UBS Group boosted their target price on shares of SS&C Technologies from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Morgan Stanley raised their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on SS&C Technologies from $101.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. One investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $83.64 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $69.61 and a one year high of $91.07. The business has a fifty day moving average price of $86.59 and a 200-day moving average price of $83.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $20.43 billion, a P/E ratio of 24.82 and a beta of 1.23.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 32.05%.

SS&C Technologies Profile

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.