DekaBank Deutsche Girozentrale Has $3.52 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

DekaBank Deutsche Girozentrale cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,914 shares of the technology company’s stock after selling 13,267 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SS&C Technologies were worth $3,519,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SSNC. Price T Rowe Associates Inc. MD increased its holdings in shares of SS&C Technologies by 482.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,727,873 shares of the technology company’s stock worth $210,514,000 after acquiring an additional 3,088,224 shares during the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $124,570,000. Shapiro Capital Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $118,298,000. Capital World Investors acquired a new position in shares of SS&C Technologies during the 1st quarter worth approximately $103,226,000. Finally, Millennium Management LLC increased its holdings in shares of SS&C Technologies by 599.0% during the 4th quarter. Millennium Management LLC now owns 1,074,433 shares of the technology company’s stock worth $55,935,000 after acquiring an additional 920,725 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $62.01 on Friday. The stock has a fifty day moving average price of $62.92 and a 200-day moving average price of $58.55. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 26.05 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. SS&C Technologies’s dividend payout ratio is currently 40.34%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SSNC shares. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. UBS Group upped their price objective on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Needham & Company LLC upped their price objective on SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Truist Financial upped their price objective on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Finally, Citigroup upped their price objective on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Two investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.44.

About SS&C Technologies

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.