Anchor Capital Advisors LLC Cuts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Anchor Capital Advisors LLC trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 665,721 shares of the technology company's stock after selling 37,621 shares during the quarter. Anchor Capital Advisors LLC owned 0.27% of SS&C Technologies worth $40,682,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Carret Asset Management LLC lifted its position in SS&C Technologies by 2.5% in the fourth quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company's stock valued at $432,000 after purchasing an additional 175 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in SS&C Technologies by 4.0% during the 3rd 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 during the last quarter. AlphaMark Advisors LLC boosted its position in SS&C Technologies by 2.1% during the 4th 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 during the period. Arizona State Retirement System grew its holdings in SS&C Technologies by 0.3% in the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company's stock worth $3,750,000 after acquiring an additional 196 shares during the last quarter. Finally, Argent Trust Co grew its stake in shares of SS&C Technologies by 1.4% in the third quarter. Argent Trust Co now owns 19,040 shares of the technology company's stock worth $1,000,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SSNC. Needham & Company LLC upped their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a "buy" rating in a report on Friday. UBS Group upped their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Citigroup lifted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. TheStreet raised shares of SS&C Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 23rd. Finally, Truist Financial lifted their price objective 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. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $70.20.

SS&C Technologies Stock Up 1.1 %

Shares of SSNC traded up $0.68 during mid-day trading on Monday, reaching $61.92. The company had a trading volume of 1,154,638 shares, compared to its average volume of 970,802. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86. 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 capitalization of $15.31 billion, a price-to-earnings ratio of 24.67 and a beta of 1.43. The firm has a 50-day moving average price of $62.78 and a 200 day moving average price of $59.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current 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 dividend yield of 1.55%. The ex-dividend date was Thursday, February 29th. SS&C Technologies's payout ratio is 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.