Campbell & CO Investment Adviser LLC Raises Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Campbell & CO Investment Adviser LLC grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,363 shares of the technology company’s stock after purchasing an additional 932 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in SS&C Technologies were worth $694,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of SS&C Technologies by 9.6% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 18,567 shares of the technology company’s stock worth $976,000 after buying an additional 1,634 shares during the period. Amalgamated Bank boosted its stake in shares of SS&C Technologies by 15.1% during the third quarter. Amalgamated Bank now owns 24,846 shares of the technology company’s stock worth $1,305,000 after buying an additional 3,258 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of SS&C Technologies by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 45,430 shares of the technology company’s stock worth $2,387,000 after buying an additional 1,595 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SS&C Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 731,670 shares of the technology company’s stock worth $38,442,000 after buying an additional 10,187 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of SS&C Technologies by 112.2% during the third quarter. Van ECK Associates Corp now owns 48,142 shares of the technology company’s stock worth $2,530,000 after buying an additional 25,459 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday, April 16th. Jefferies Financial Group raised their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC raised 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 investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.20.

Get Our Latest Stock Analysis on SS&C Technologies

SS&C Technologies Trading Down 0.7 %

Shares of SS&C Technologies stock opened at $61.64 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.24 billion, a PE ratio of 24.56 and a beta of 1.37. The company has a 50-day moving average of $62.13 and a two-hundred day moving average of $61.30.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.56%. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $2,429,720. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 25,000 shares of company stock valued at $1,574,300 in the last ninety days. Corporate insiders own 15.40% of the company’s stock.

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.

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

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