SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 78.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,222 shares of the technology company’s stock after selling 53,950 shares during the period. Parcion Private Wealth LLC’s holdings in SS&C Technologies were worth $1,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $1,043,987,000. Pzena Investment Management LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at $684,819,000. Jupiter Topco LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at $178,337,000. Legal & General Group Plc purchased a new stake in SS&C Technologies in the 2nd quarter worth $71,335,000. Finally, Lakewood Capital Management LP purchased a new stake in SS&C Technologies in the 2nd quarter worth $63,102,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $80.39 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average price is $81.37 and its 200-day moving average price is $74.37. The firm has a market capitalization of $18.86 billion, a PE ratio of 23.10 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $89.93.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. SS&C Technologies had a return on equity of 21.74% and a net margin of 12.76%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 6.30 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. SS&C Technologies’s payout ratio is currently 34.48%.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of research analyst reports. Evercore upgraded shares of SS&C Technologies to an “outperform” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, Jefferies Financial Group raised their price target on shares of SS&C Technologies from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $96.57.

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.