State of New Jersey Common Pension Fund D Sells 2,435 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

State of New Jersey Common Pension Fund D lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 113,971 shares of the technology company’s stock after selling 2,435 shares during the period. State of New Jersey Common Pension Fund D’s holdings in SS&C Technologies were worth $5,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SSNC. Price T Rowe Associates Inc. MD raised its stake in SS&C Technologies by 482.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,727,873 shares of the technology company’s stock valued at $210,514,000 after acquiring an additional 3,088,224 shares during the period. Norges Bank acquired a new position in SS&C Technologies in the 4th quarter valued at $124,570,000. Shapiro Capital Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at $118,298,000. Durable Capital Partners LP acquired a new position in SS&C Technologies in the 2nd quarter valued at $121,640,000. Finally, Capital World Investors acquired a new position in SS&C Technologies in the 1st quarter valued at $103,226,000. Institutional investors own 82.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group assumed coverage on SS&C Technologies in a report on Tuesday, November 7th. They issued a “buy” rating and a $72.00 price objective on the stock. Needham & Company LLC decreased their price objective on SS&C Technologies from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, October 27th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. DA Davidson reduced their target price on SS&C Technologies from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Finally, Morgan Stanley reduced their target price on SS&C Technologies from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $67.75.

Read Our Latest Analysis on SSNC

SS&C Technologies Stock Performance

SSNC opened at $61.24 on Tuesday. The business’s fifty day moving average is $60.24 and its 200-day moving average is $56.34. The firm has a market cap of $15.16 billion, a P/E ratio of 25.31 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $63.25.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is presently 39.67%.

SS&C Technologies Company Profile

(Free Report)

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

Featured Stories

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report).

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.