abrdn plc Has $1.12 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

abrdn plc increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,502 shares of the technology company’s stock after purchasing an additional 1,374 shares during the period. abrdn plc’s holdings in SS&C Technologies were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in shares of SS&C Technologies by 2.6% during the fourth quarter. Intech Investment Management LLC now owns 29,189 shares of the technology company’s stock valued at $1,520,000 after purchasing an additional 732 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of SS&C Technologies by 1.6% during the fourth quarter. Scotia Capital Inc. now owns 56,328 shares of the technology company’s stock worth $2,932,000 after acquiring an additional 900 shares during the period. Nicolet Bankshares Inc. increased its stake in SS&C Technologies by 10.1% in the 4th quarter. Nicolet Bankshares Inc. now owns 6,340 shares of the technology company’s stock valued at $330,000 after buying an additional 580 shares during the last quarter. First Trust Advisors LP increased its stake in SS&C Technologies by 56.2% in the 4th quarter. First Trust Advisors LP now owns 544,366 shares of the technology company’s stock valued at $28,341,000 after buying an additional 195,950 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in SS&C Technologies by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 162,542 shares of the technology company’s stock valued at $9,809,000 after buying an additional 4,457 shares during the last quarter. Institutional investors and hedge funds own 83.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 price objective on shares of SS&C Technologies in a research report on Thursday, March 9th. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. JPMorgan Chase & Co. began coverage on shares of SS&C Technologies in a research report on Wednesday, March 15th. They set an “overweight” rating and a $68.00 price objective for the company. StockNews.com began coverage on shares of SS&C Technologies in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Raymond James upped their price target on shares of SS&C Technologies from $63.00 to $74.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $68.67.

SS&C Technologies Stock Performance

SSNC opened at $55.40 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company’s fifty day moving average price is $55.85 and its two-hundred day moving average price is $55.58. SS&C Technologies Holdings, Inc. has a 1-year low of $45.25 and a 1-year high of $65.92. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 23.78 and a beta of 1.42.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. SS&C Technologies’s dividend payout ratio is currently 34.33%.

SS&C Technologies Profile

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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.