Nisa Investment Advisors LLC Lowers Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nisa Investment Advisors LLC cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 41.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420 shares of the technology company’s stock after selling 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SS&C Technologies were worth $26,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headinvest LLC purchased a new stake in SS&C Technologies in the third quarter worth about $26,000. Operose Advisors LLC bought a new position in SS&C Technologies during the 3rd quarter valued at approximately $34,000. Cary Street Partners Investment Advisory LLC bought a new stake in SS&C Technologies in the third quarter worth $53,000. Fortis Group Advisors LLC purchased a new stake in shares of SS&C Technologies in the third quarter worth $53,000. Finally, Allworth Financial LP increased its holdings in shares of SS&C Technologies by 126.0% during the third quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock valued at $56,000 after acquiring an additional 591 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SSNC. UBS Group upped their price target on shares of 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 raised their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” 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 report on Monday, January 29th. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. Finally, Citigroup upped their price target 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.78.

SS&C Technologies Stock Performance

SSNC stock opened at $61.23 on Tuesday. The company has a market cap of $15.14 billion, a P/E ratio of 25.73 and a beta of 1.43. 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 1 year low of $46.61 and a 1 year high of $65.86. The stock’s fifty day moving average price is $62.89 and its 200-day moving average price is $58.99.

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

SS&C Technologies Announces Dividend

The firm also recently announced 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 yield of 1.57%. 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.