Bleakley Financial Group LLC Has $247,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bleakley Financial Group LLC reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,043 shares of the technology company’s stock after selling 209 shares during the quarter. Bleakley Financial Group LLC’s holdings in SS&C Technologies were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headinvest LLC purchased a new stake in shares of SS&C Technologies in the third quarter worth approximately $26,000. KB Financial Partners LLC purchased a new stake in shares of SS&C Technologies in the first quarter worth approximately $26,000. IFP Advisors Inc raised its stake in shares of SS&C Technologies by 136.1% in the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock worth $29,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of SS&C Technologies by 364.3% in the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after purchasing an additional 408 shares during the last quarter. Finally, Natixis purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $33,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SSNC. UBS Group increased their price objective on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Needham & Company LLC upped their target price on SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada upped their target price on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, Truist Financial upped their target price on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.44.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $59.90 on Tuesday. The stock has a fifty day simple moving average of $62.91 and a two-hundred day simple moving average of $58.68. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 25.17 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04.

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, meeting the consensus estimate of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.60%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is 40.34%.

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.