Global Retirement Partners LLC Sells 180 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Global Retirement Partners LLC decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 476 shares of the technology company’s stock after selling 180 shares during the period. Global Retirement Partners LLC’s holdings in SS&C Technologies were worth $29,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth $26,000. KB Financial Partners LLC bought a new position in SS&C Technologies during the first quarter worth about $26,000. IFP Advisors Inc grew its position in shares of SS&C Technologies by 136.1% during the 2nd quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock worth $29,000 after buying an additional 275 shares during the period. Harbour Investments Inc. increased its stake in shares of SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock valued at $29,000 after acquiring an additional 408 shares during the last quarter. Finally, Natixis acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $33,000. Institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

SSNC has been the subject of several recent analyst reports. UBS Group upped their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Finally, Truist Financial raised their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.44.

SS&C Technologies Stock Up 0.6 %

Shares of SSNC opened at $63.00 on Wednesday. The firm has a 50 day simple moving average of $62.88 and a two-hundred day simple moving average of $58.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86. The company has a market cap of $15.57 billion, a P/E ratio of 26.47 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.