Handelsbanken Fonder AB Has $2.50 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Handelsbanken Fonder AB lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,843 shares of the technology company's stock after selling 121,478 shares during the period. Handelsbanken Fonder AB's holdings in SS&C Technologies were worth $2,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SSNC. SkyView Investment Advisors LLC increased its holdings in SS&C Technologies by 4.0% in the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company's stock valued at $261,000 after buying an additional 192 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in SS&C Technologies by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company's stock valued at $565,000 after buying an additional 194 shares in the last quarter. Arizona State Retirement System increased its holdings in SS&C Technologies by 0.3% in the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company's stock valued at $3,750,000 after buying an additional 196 shares in the last quarter. Argent Trust Co increased its holdings in SS&C Technologies by 1.4% in the third quarter. Argent Trust Co now owns 19,040 shares of the technology company's stock valued at $1,000,000 after buying an additional 256 shares in the last quarter. Finally, Graypoint LLC increased its holdings in SS&C Technologies by 3.0% in the third quarter. Graypoint LLC now owns 9,199 shares of the technology company's stock valued at $483,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SSNC shares. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. UBS Group raised their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 29th. TheStreet raised shares of SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. Finally, Citigroup raised their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $71.22.

SS&C Technologies Stock Down 0.1 %

Shares of NASDAQ:SSNC traded down $0.07 during midday trading on Friday, hitting $61.24. 1,583,612 shares of the company's stock traded hands, compared to its average volume of 961,173. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $15.14 billion, a PE ratio of 24.40 and a beta of 1.43. The firm's fifty day moving average price is $62.78 and its two-hundred day moving average price is $59.15. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies's payout ratio is currently 38.25%.

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.