Signaturefd LLC Sells 835 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Signaturefd LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 19.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,474 shares of the technology company’s stock after selling 835 shares during the period. Signaturefd LLC’s holdings in SS&C Technologies were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headinvest LLC purchased a new position in shares of SS&C Technologies in the third quarter worth about $26,000. Operose Advisors LLC bought a new position in SS&C Technologies in the 3rd quarter worth approximately $34,000. Fortis Group Advisors LLC purchased a new position in SS&C Technologies in the 3rd quarter valued at approximately $53,000. Tobam raised its holdings in SS&C Technologies by 1,428.8% during the 4th quarter. Tobam now owns 1,009 shares of the technology company’s stock valued at $62,000 after acquiring an additional 943 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of SS&C Technologies during the third quarter worth $53,000. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. UBS Group upped their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Truist Financial boosted their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.22.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $61.24 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $65.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $15.14 billion, a P/E ratio of 24.40 and a beta of 1.43. The firm’s fifty day moving average price is $62.78 and its 200-day moving average price is $59.15.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly 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 17.24% and a net margin of 11.46%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is currently 38.25%.

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.