Dimensional Fund Advisors LP Has $169 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dimensional Fund Advisors LP raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,696,702 shares of the technology company’s stock after purchasing an additional 349,911 shares during the quarter. Dimensional Fund Advisors LP owned 1.10% of SS&C Technologies worth $168,995,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SSNC. EverSource Wealth Advisors LLC raised its position in SS&C Technologies by 14.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company’s stock valued at $79,000 after buying an additional 166 shares during the period. Quent Capital LLC increased its holdings in shares of SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Scotia Capital Inc. lifted its position in shares of SS&C Technologies by 0.3% in the fourth quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company’s stock worth $3,369,000 after purchasing an additional 191 shares in the last quarter. Graypoint LLC grew its position in SS&C Technologies by 2.6% during the first quarter. Graypoint LLC now owns 8,230 shares of the technology company’s stock valued at $530,000 after purchasing an additional 207 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in SS&C Technologies by 4.9% during the first quarter. Yousif Capital Management LLC now owns 4,477 shares of the technology company’s stock valued at $288,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares of the company’s stock, valued at $25,144,958.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the sale, the director now owns 333,576 shares in the company, valued at approximately $25,144,958.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the transaction, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The disclosure for this sale can be found here. Insiders sold a total of 590,690 shares of company stock valued at $43,377,625 in the last quarter. Insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $75.53 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $18.54 billion, a P/E ratio of 30.09 and a beta of 1.38. The business has a 50-day moving average of $72.07 and a two-hundred day moving average of $65.72. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies announced that its board has initiated a stock repurchase program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is 39.84%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday. DA Davidson lifted their price objective on SS&C Technologies from $88.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Finally, Needham & Company LLC upped their target price on SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.75.

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.