Belpointe Asset Management LLC Purchases New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Belpointe Asset Management LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 764 shares of the technology company’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of SS&C Technologies by 181.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 716 shares of the technology company’s stock valued at $37,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of SS&C Technologies by 25.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,099 shares of the technology company’s stock valued at $53,000 after acquiring an additional 226 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $66,000. Fifth Third Bancorp boosted its holdings in shares of SS&C Technologies by 15.2% in the fourth quarter. Fifth Third Bancorp now owns 1,824 shares of the technology company’s stock valued at $95,000 after acquiring an additional 240 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of SS&C Technologies by 86.8% in the fourth quarter. Parallel Advisors LLC now owns 1,887 shares of the technology company’s stock valued at $98,000 after acquiring an additional 877 shares during the period. 83.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of SS&C Technologies in a report on Thursday, March 9th. Raymond James increased their price target on SS&C Technologies from $63.00 to $74.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 8th. Needham & Company LLC increased their price objective on SS&C Technologies from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Credit Suisse Group increased their price objective on SS&C Technologies from $78.00 to $83.00 in a research report on Friday, April 28th. Finally, StockNews.com assumed coverage on SS&C Technologies in a research report on Thursday, May 18th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of “Buy” and an average price target of $68.67.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $54.63 on Friday. The stock’s 50 day moving average price is $55.84 and its 200 day moving average price is $55.58. The firm has a market capitalization of $13.61 billion, a PE ratio of 23.45 and a beta of 1.42. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a one year low of $45.25 and a one year high of $65.92.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, May 31st. SS&C Technologies’s payout ratio is 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.