ZWJ Investment Counsel Inc. Cuts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

ZWJ Investment Counsel Inc. trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,022 shares of the technology company's stock after selling 26,156 shares during the period. ZWJ Investment Counsel Inc. owned about 0.12% of SS&C Technologies worth $17,418,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of SS&C Technologies by 0.6% during the first quarter. BlackRock Inc. now owns 25,698,336 shares of the technology company's stock worth $1,451,185,000 after buying an additional 147,148 shares during the period. Vanguard Group Inc. increased its stake in SS&C Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 20,029,098 shares of the technology company's stock valued at $1,502,583,000 after purchasing an additional 266,741 shares during the last quarter. Pzena Investment Management LLC increased its stake in SS&C Technologies by 1.4% in the third quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company's stock valued at $747,615,000 after purchasing an additional 197,934 shares during the last quarter. Boston Partners increased its stake in SS&C Technologies by 5.3% in the third quarter. Boston Partners now owns 8,687,812 shares of the technology company's stock valued at $455,894,000 after purchasing an additional 435,377 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in SS&C Technologies by 0.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company's stock valued at $414,681,000 after purchasing an additional 44,764 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC increased their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. DA Davidson reissued a "buy" rating and issued a $78.00 price objective on shares of SS&C Technologies in a report on Tuesday. Royal Bank of Canada increased their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. UBS Group increased their price objective on SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Finally, Citigroup increased their price objective on SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Two research 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. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.78.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded up $0.35 during mid-day trading on Friday, hitting $60.82. 1,029,969 shares of the company were exchanged, compared to its average volume of 958,171. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. 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 50 day simple moving average of $62.89 and a 200-day simple moving average of $58.82. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 25.55 and a beta of 1.43.

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

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies's dividend payout ratio (DPR) is currently 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.

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