Intech Investment Management LLC Lowers Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Intech Investment Management LLC trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,752 shares of the technology company’s stock after selling 651 shares during the quarter. Intech Investment Management LLC’s holdings in SS&C Technologies were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Headinvest LLC acquired a new position in SS&C Technologies during the 3rd quarter worth approximately $26,000. Operose Advisors LLC acquired a new stake in shares of SS&C Technologies in the 3rd quarter worth approximately $34,000. Principal Securities Inc. purchased a new position in SS&C Technologies in the 4th quarter valued at approximately $53,000. Fortis Group Advisors LLC acquired a new position in SS&C Technologies during the third quarter worth $53,000. Finally, Tobam boosted its position in SS&C Technologies by 1,428.8% during the fourth quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after purchasing an additional 943 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $63.14, for a total value of $315,700.00. Following the completion of the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $2,399,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 25,000 shares of company stock valued at $1,574,300 over the last three months. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Jefferies Financial Group raised their price target on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Truist Financial lifted their price objective on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Citigroup upped their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

Get Our Latest Research Report on SSNC

SS&C Technologies Trading Up 0.7 %

Shares of SSNC opened at $60.95 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The stock has a market cap of $15.07 billion, a PE ratio of 24.28 and a beta of 1.42. The stock’s 50-day moving average is $62.43 and its two-hundred day moving average is $61.03.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.24 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

About SS&C Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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