Ethic Inc. Trims Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ethic Inc. lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,445 shares of the technology company's stock after selling 5,580 shares during the period. Ethic Inc.'s holdings in SS&C Technologies were worth $1,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Truist Financial Corp lifted its holdings in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after buying an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after acquiring an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after acquiring an additional 11,077 shares in the last quarter. Benson Investment Management Company Inc. purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $5,578,000. Finally, Swedbank AB grew its stake in SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock worth $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling

In related news, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the transaction, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78% decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

SS&C Technologies Price Performance

SSNC opened at $79.87 on Tuesday. The firm has a market capitalization of $19.70 billion, a PE ratio of 26.62 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business's 50-day moving average is $78.73 and its two-hundred day moving average is $78.71. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. SS&C Technologies's payout ratio is 31.06%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SSNC. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson dropped their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Raymond James lowered their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $91.86.

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.

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