UBS Group AG lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,494 shares of the technology company’s stock after selling 87,012 shares during the period. UBS Group AG owned about 0.28% of SS&C Technologies worth $60,188,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SSNC. V Square Quantitative Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $37,000. Quent Capital LLC purchased a new stake in shares of SS&C Technologies in the third quarter valued at approximately $39,000. Cornerstone Planning Group LLC boosted its holdings in shares of SS&C Technologies by 1,890.9% in the third quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock valued at $39,000 after purchasing an additional 416 shares during the period. Osterweis Capital Management Inc. bought a new position in SS&C Technologies in the second quarter worth approximately $40,000. Finally, Root Financial Partners LLC bought a new position in SS&C Technologies in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.
SS&C Technologies Price Performance
Shares of SSNC opened at $69.23 on Tuesday. The firm has a market capitalization of $16.67 billion, a PE ratio of 21.43 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies Holdings, Inc. has a 1-year low of $65.05 and a 1-year high of $91.07. The company’s fifty day moving average price is $70.74 and its 200-day moving average price is $79.15.
SS&C Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is 33.44%.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. Wall Street Zen downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group upped their price target on SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC reduced their price target on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Jefferies Financial Group reduced their price target on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $96.13.
View Our Latest Analysis on SSNC
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
Featured Articles
Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report).
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
