SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,582 shares of the technology company’s stock after selling 4,022 shares during the quarter. FourThought Financial Partners LLC’s holdings in SS&C Technologies were worth $1,808,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SSNC. Raymond James & Associates lifted its holdings in shares of SS&C Technologies by 2.9% during the third quarter. Raymond James & Associates now owns 502,098 shares of the technology company’s stock worth $26,380,000 after purchasing an additional 14,111 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of SS&C Technologies by 16.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,600 shares of the technology company’s stock worth $820,000 after acquiring an additional 2,176 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of SS&C Technologies by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock valued at $71,063,000 after acquiring an additional 68,359 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of SS&C Technologies by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 93,897 shares of the technology company’s stock worth $4,933,000 after acquiring an additional 3,271 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in SS&C Technologies by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,682 shares of the technology company’s stock worth $2,873,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 0.5 %

Shares of SSNC stock traded up $0.29 during mid-day trading on Friday, reaching $61.81. The company’s stock had a trading volume of 778,547 shares, compared to its average volume of 1,039,866. The company’s 50 day simple moving average is $62.53 and its 200-day simple moving average is $59.53. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86. The firm has a market capitalization of $15.29 billion, a PE ratio of 24.63 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group boosted their target price on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. DA Davidson reiterated a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Finally, TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

About SS&C Technologies

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.