Fort Washington Investment Advisors Inc. OH Has $98.64 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fort Washington Investment Advisors Inc. OH raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,573,909 shares of the technology company’s stock after buying an additional 48,488 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in SS&C Technologies were worth $98,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. International Assets Investment Management LLC boosted its stake in SS&C Technologies by 2,220.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,833 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,754 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in SS&C Technologies by 2.6% in the fourth quarter. Russell Investments Group Ltd. now owns 344,152 shares of the technology company’s stock worth $21,031,000 after purchasing an additional 8,826 shares during the period. Transcend Capital Advisors LLC bought a new position in shares of SS&C Technologies during the fourth quarter worth $220,000. Van ECK Associates Corp grew its holdings in shares of SS&C Technologies by 16.4% in the 4th quarter. Van ECK Associates Corp now owns 56,017 shares of the technology company’s stock valued at $3,423,000 after buying an additional 7,875 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of SS&C Technologies by 17.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 9,662 shares of the technology company’s stock valued at $590,000 after buying an additional 1,428 shares during the period. Institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. DA Davidson raised their price objective on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Needham & Company LLC raised their price target on SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $70.75.

SS&C Technologies Stock Up 1.3 %

Shares of SS&C Technologies stock traded up $0.94 during trading on Friday, reaching $75.09. The stock had a trading volume of 1,036,031 shares, compared to its average volume of 981,497. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 29.92 and a beta of 1.38. The stock has a fifty day moving average price of $68.56 and a two-hundred day moving average price of $64.61. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $75.10.

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, beating 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm earned $0.96 EPS. SS&C Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s payout ratio is currently 38.25%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the sale, the director now directly owns 41,576 shares in the company, valued at approximately $2,513,684.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Smita Conjeevaram sold 48,500 shares of the 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 sale, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 7,500 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the transaction, the director now directly owns 41,576 shares of the company’s stock, valued at $2,513,684.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 468,190 shares of company stock worth $34,031,675. 15.40% of the stock is owned by insiders.

SS&C Technologies Company 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.