SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by PGGM Investments

PGGM Investments lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,358 shares of the technology company’s stock after selling 1,021 shares during the period. PGGM Investments’ holdings in SS&C Technologies were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SSNC. UBS Group increased their price target 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. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, Needham & Company LLC increased their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.22.

SS&C Technologies Trading Down 0.1 %

Shares of SSNC opened at $61.24 on Monday. 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 50 day simple moving average of $62.78 and a 200-day simple moving average of $59.19. 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 market cap of $15.14 billion, a price-to-earnings ratio of 24.40 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $1.39 billion. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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

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.