Raymond James & Associates Sells 104,584 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Raymond James & Associates lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,514 shares of the technology company's stock after selling 104,584 shares during the quarter. Raymond James & Associates owned about 0.16% of SS&C Technologies worth $24,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SSNC. Headinvest LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $26,000. KB Financial Partners LLC acquired a new position in shares of SS&C Technologies during the first quarter valued at approximately $26,000. IFP Advisors Inc increased its stake in shares of SS&C Technologies by 136.1% during the second quarter. IFP Advisors Inc now owns 477 shares of the technology company's stock valued at $29,000 after acquiring an additional 275 shares during the period. Harbour Investments Inc. increased its stake in shares of SS&C Technologies by 364.3% during the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company's stock valued at $29,000 after acquiring an additional 408 shares during the period. Finally, Natixis acquired a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Trading Down 0.3 %

SS&C Technologies stock traded down $0.18 during midday trading on Friday, reaching $64.37. The stock had a trading volume of 1,093,328 shares, compared to its average volume of 997,263. The firm's fifty day simple moving average is $62.70 and its two-hundred day simple moving average is $58.05. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 27.05 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted 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 net margin of 11.03% and a return on equity of 16.74%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 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. Investors of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, February 29th. SS&C Technologies's dividend payout ratio is 40.34%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TheStreet upgraded shares of SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 29th. Citigroup raised their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. UBS Group raised their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada lifted 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 report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.44.

SS&C Technologies 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.