abrdn plc Has $4.59 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

abrdn plc grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 101.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,043 shares of the technology company's stock after buying an additional 37,805 shares during the quarter. abrdn plc's holdings in SS&C Technologies were worth $4,586,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Headinvest LLC bought a new stake in SS&C Technologies in the third quarter valued at about $26,000. Operose Advisors LLC bought a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $34,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of SS&C Technologies during the 3rd quarter valued at approximately $53,000. Fortis Group Advisors LLC bought a new position in SS&C Technologies during the third quarter worth $53,000. Finally, Allworth Financial LP boosted its holdings in SS&C Technologies by 126.0% in the third quarter. Allworth Financial LP now owns 1,060 shares of the technology company's stock worth $56,000 after purchasing an additional 591 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC traded down $0.07 during trading hours on Friday, reaching $61.24. 1,583,612 shares of the company's stock traded hands, compared to its average volume of 961,173. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The business's fifty day simple moving average is $62.78 and its two-hundred day simple moving average is $59.19. 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 capitalization of $15.14 billion, a price-to-earnings ratio of 24.40 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 the consensus estimate of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.39 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SSNC. UBS Group raised their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a "buy" rating in a research report on Wednesday, February 14th. TheStreet upgraded SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. Needham & Company LLC increased their price target on SS&C Technologies from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup boosted their price objective 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, DA Davidson reaffirmed a "buy" rating and issued a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $71.22.

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.