1,845 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,845 shares of the technology company’s stock, valued at approximately $113,000.

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

Wall Street Analyst Weigh In

SSNC has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Truist Financial increased their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Citigroup lifted their price objective on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Needham & Company LLC lifted their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Two equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.22.

SS&C Technologies Stock Performance

SSNC opened at $61.24 on Monday. The firm has a market capitalization of $15.14 billion, a P/E ratio of 24.40 and a beta of 1.43. The stock’s 50 day moving average price is $62.78 and its two-hundred day moving average price is $59.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last issued 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. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid 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 1.57%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

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.