Eagle Rock Investment Company LLC trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 80.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,470 shares of the technology company’s stock after selling 38,556 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in SS&C Technologies were worth $828,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. Global X Japan Co. Ltd. boosted its stake in shares of SS&C Technologies by 53.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,266 shares of the technology company’s stock worth $111,000 after buying an additional 440 shares during the last quarter. Salvus Wealth Management LLC raised its position in SS&C Technologies by 3.6% during the fourth quarter. Salvus Wealth Management LLC now owns 5,741 shares of the technology company’s stock valued at $502,000 after acquiring an additional 200 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new position in SS&C Technologies in the fourth quarter valued at approximately $465,000. Legacy Wealth Asset Management LLC lifted its holdings in SS&C Technologies by 3.3% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,122 shares of the technology company’s stock valued at $710,000 after acquiring an additional 259 shares during the period. Finally, Avanza Fonder AB acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $643,000. 96.90% of the stock is owned by institutional investors and hedge funds.
SS&C Technologies Stock Down 2.6%
SS&C Technologies stock opened at $65.42 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $15.80 billion, a PE ratio of 20.70 and a beta of 1.18. The business has a 50 day simple moving average of $75.15 and a 200-day simple moving average of $82.30. SS&C Technologies Holdings, Inc. has a 12 month low of $65.05 and a 12 month high of $91.07.
SS&C Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.27 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. SS&C Technologies’s dividend payout ratio (DPR) is 34.18%.
Wall Street Analysts Forecast Growth
SSNC has been the subject of several recent research reports. Needham & Company LLC cut their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $106.00 price target on shares of SS&C Technologies in a research report on Friday, February 6th. Wall Street Zen downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $101.00.
Read Our Latest Report on SSNC
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
Featured Stories
Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report).
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
