SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Mercer Global Advisors Inc. ADV

Posted by Defense World Staff on May 15th, 2023

Mercer Global Advisors Inc. ADV cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,457 shares of the technology company’s stock after selling 17,084 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in SS&C Technologies were worth $2,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in SS&C Technologies by 181.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 716 shares of the technology company’s stock worth $37,000 after buying an additional 462 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in SS&C Technologies during the 4th quarter worth approximately $40,000. Wipfli Financial Advisors LLC purchased a new position in SS&C Technologies during the 3rd quarter worth approximately $45,000. EverSource Wealth Advisors LLC raised its position in SS&C Technologies by 25.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,099 shares of the technology company’s stock worth $53,000 after buying an additional 226 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in SS&C Technologies during the 4th quarter worth approximately $66,000. 83.14% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 0.1 %

Shares of SSNC opened at $54.96 on Monday. SS&C Technologies Holdings, Inc. has a 52-week low of $45.25 and a 52-week high of $65.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13. The firm’s fifty day moving average is $55.98 and its two-hundred day moving average is $55.30. The stock has a market cap of $13.69 billion, a PE ratio of 23.59 and a beta of 1.42.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $65.00 price target on shares of SS&C Technologies in a research report on Thursday, March 9th. TheStreet raised shares of SS&C Technologies from a “c” rating to a “b-” rating in a report on Monday, January 23rd. JPMorgan Chase & Co. initiated coverage on shares of SS&C Technologies in a report on Wednesday, March 15th. They set an “overweight” rating and a $68.00 target price for the company. DA Davidson lifted 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, January 27th. Finally, Credit Suisse Group lifted their target price on shares of SS&C Technologies from $78.00 to $83.00 in a report on Friday, April 28th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $68.67.

About SS&C Technologies

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SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.