Parcion Private Wealth LLC Takes $4.05 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Parcion Private Wealth LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 66,207 shares of the technology company's stock, valued at approximately $4,046,000.

A number of other hedge funds have also added to or reduced their stakes in SSNC. Headinvest LLC purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $26,000. KB Financial Partners LLC purchased a new position in SS&C Technologies in the first quarter worth $26,000. IFP Advisors Inc boosted its position in SS&C Technologies by 136.1% in the second quarter. IFP Advisors Inc now owns 477 shares of the technology company's stock worth $29,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. boosted its position in SS&C Technologies by 364.3% in the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company's stock worth $29,000 after purchasing an additional 408 shares during the last quarter. Finally, Natixis purchased a new position in SS&C Technologies in the fourth quarter worth $33,000. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on SS&C Technologies from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, February 14th. TheStreet raised SS&C Technologies from a "c+" rating to a "b" rating in a research report on Friday, February 23rd. Truist Financial upped their price target on SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a research report on Wednesday, February 14th. Citigroup upped their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada upped their price target on SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $69.44.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $0.11 during trading on Thursday, hitting $62.57. 1,300,419 shares of the stock traded hands, compared to its average volume of 953,099. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 26.29 and a beta of 1.43. The firm's fifty day moving average is $62.83 and its 200-day moving average is $58.22. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. Research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies's dividend payout ratio is presently 40.34%.

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.