Ontario Teachers Pension Plan Board Invests $529,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• The Ontario Teachers Pension Plan Board acquired a stake in SS&C Technologies Holdings, purchasing 6,330 shares valued at approximately $529,000.
• Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies at an average price of $79.92, decreasing his ownership by over 50%.
• SS&C Technologies recently announced a quarterly dividend of $0.25 per share, indicating an annualized yield of 1.2% with a payout ratio of 31.35%.

Ontario Teachers Pension Plan Board bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,330 shares of the technology company's stock, valued at approximately $529,000.

A number of other institutional investors also recently made changes to their positions in SSNC. Atwood & Palmer Inc. raised its position in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC raised its position in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SS&C Technologies in the 1st quarter valued at approximately $29,000. Finally, Colonial Trust Co SC raised its position in shares of SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley upped their price target on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. DA Davidson upped their price target on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group upped their price target on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $97.13.

SS&C Technologies Stock Performance

SSNC traded down $0.30 during trading on Thursday, reaching $87.63. 247,257 shares of the company were exchanged, compared to its average volume of 1,376,667. The stock has a market cap of $21.40 billion, a P/E ratio of 27.48 and a beta of 1.25. The firm has a 50 day moving average of $83.09 and a 200 day moving average of $81.75. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 EPS. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. SS&C Technologies's dividend payout ratio is presently 31.35%.

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.