SS&C Technologies Holdings, Inc. $SSNC Holdings Trimmed by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,805 shares of the technology company’s stock after selling 20,404 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in SS&C Technologies were worth $13,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at about $1,043,987,000. Pzena Investment Management LLC purchased a new position in SS&C Technologies in the second quarter worth about $684,819,000. Jupiter Topco LLC bought a new position in SS&C Technologies in the 2nd quarter valued at approximately $178,337,000. Legal & General Group Plc purchased a new stake in shares of SS&C Technologies during the second quarter valued at $71,335,000. Finally, Lakewood Capital Management LP bought a new stake in shares of SS&C Technologies in the second quarter worth approximately $63,102,000. Institutional investors own 96.90% of the company’s stock.

SS&C Technologies Trading Up 0.2%

NASDAQ:SSNC opened at $87.09 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $61.40 and a one year high of $89.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $20.44 billion, a P/E ratio of 25.03 and a beta of 1.09. The firm has a 50-day simple moving average of $81.28 and a 200-day simple moving average of $73.49.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.30 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. SS&C Technologies’s dividend payout ratio (DPR) is 34.48%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SSNC shares. Jefferies Financial Group decreased their price target on shares of SS&C Technologies from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Weiss Ratings raised shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. JPMorgan Chase & Co. cut their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, July 20th. UBS Group reiterated a “buy” rating and set a $101.00 price objective on shares of SS&C Technologies in a research report on Wednesday, September 9th. Finally, BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $92.62.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.