Baupost Group LLC MA Trims Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Baupost Group LLC MA reduced its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 55.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,028,545 shares of the technology company's stock after selling 1,270,091 shares during the period. SS&C Technologies makes up 1.4% of Baupost Group LLC MA's investment portfolio, making the stock its 17th largest holding. Baupost Group LLC MA owned about 0.42% of SS&C Technologies worth $62,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Headinvest LLC purchased a new stake in SS&C Technologies during the 3rd quarter valued at approximately $26,000. KB Financial Partners LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth $26,000. IFP Advisors Inc grew its position in SS&C Technologies by 136.1% in the 2nd quarter. IFP Advisors Inc now owns 477 shares of the technology company's stock valued at $29,000 after buying an additional 275 shares during the last quarter. Harbour Investments Inc. increased its stake in SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company's stock valued at $29,000 after buying an additional 408 shares during the period. Finally, Natixis purchased a new position in SS&C Technologies during the 4th quarter worth $33,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $0.08 during midday trading on Monday, hitting $62.65. 885,740 shares of the stock were exchanged, compared to its average volume of 950,018. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average price of $62.86 and a 200-day moving average price of $58.38. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The stock has a market cap of $15.48 billion, a P/E ratio of 26.32 and a beta of 1.43.

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

SS&C Technologies Dividend Announcement

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

Analysts Set New Price Targets

SSNC has been the topic of a number of recent analyst reports. 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. Truist Financial boosted their target price on SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, February 14th. TheStreet raised SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Citigroup increased their price objective on SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Needham & Company LLC upped their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. Two investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.44.

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.

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