LSV Asset Management lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 580,690 shares of the technology company's stock after selling 13,600 shares during the quarter. LSV Asset Management owned 0.23% of SS&C Technologies worth $35,486,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Headinvest LLC bought a new stake in SS&C Technologies during the third quarter worth $26,000. Operose Advisors LLC bought a new stake in shares of SS&C Technologies in the third quarter valued at approximately $34,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of SS&C Technologies in the third quarter worth $53,000. Fortis Group Advisors LLC purchased a new position in shares of SS&C Technologies in the third quarter valued at $53,000. Finally, Allworth Financial LP lifted its holdings in SS&C Technologies by 126.0% during the 3rd quarter. Allworth Financial LP now owns 1,060 shares of the technology company's stock worth $56,000 after purchasing an additional 591 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
SSNC has been the subject of several recent analyst reports. Citigroup boosted their target price 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. DA Davidson reiterated a "buy" rating and issued a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, April 26th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, January 29th. Finally, TheStreet raised SS&C Technologies from a "c+" rating to a "b" rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies has an average rating of "Moderate Buy" and an average target price of $70.20.
Check Out Our Latest Analysis on SS&C Technologies
SS&C Technologies Price Performance
NASDAQ:SSNC traded up $0.97 during trading hours on Monday, hitting $62.78. 769,575 shares of the stock traded hands, compared to its average volume of 968,945. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The stock has a 50 day moving average price of $62.50 and a 200 day moving average price of $59.68. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 25.01 and a beta of 1.42.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted 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 17.10% and a net margin of 11.46%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.53%. SS&C Technologies's dividend payout ratio is currently 38.25%.
SS&C Technologies Profile
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Free Report)
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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