Alps Advisors Inc. Reduces Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Alps Advisors Inc. trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,394 shares of the technology company’s stock after selling 1,066 shares during the period. Alps Advisors Inc.’s holdings in SS&C Technologies were worth $966,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SSNC. IFP Advisors Inc increased its stake in shares of SS&C Technologies by 136.1% in the 2nd quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock worth $26,000 after acquiring an additional 275 shares in the last quarter. KB Financial Partners LLC bought a new position in shares of SS&C Technologies in the 1st quarter worth about $26,000. Harbour Investments Inc. increased its stake in shares of SS&C Technologies by 364.3% in the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after acquiring an additional 408 shares in the last quarter. Natixis bought a new position in shares of SS&C Technologies in the 4th quarter worth about $33,000. Finally, Operose Advisors LLC bought a new position in shares of SS&C Technologies in the 3rd quarter worth about $34,000. 82.17% of the stock is currently owned by institutional investors.

SS&C Technologies Trading Down 0.2 %

SS&C Technologies stock opened at $62.50 on Friday. The firm’s 50 day moving average price is $61.68 and its 200-day moving average price is $57.21. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $64.99. The stock has a market cap of $15.45 billion, a P/E ratio of 26.26 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is 40.34%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group raised 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 note on Wednesday, February 14th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Finally, Truist Financial lifted their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

View Our Latest Report on SSNC

SS&C Technologies Profile

(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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