SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,582 shares of the technology company’s stock after selling 4,022 shares during the period. FourThought Financial Partners LLC’s holdings in SS&C Technologies were worth $1,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in SS&C Technologies by 127.0% in the fourth quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock worth $14,839,000 after acquiring an additional 135,775 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in SS&C Technologies by 22.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after purchasing an additional 19,374 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of SS&C Technologies in the fourth quarter worth $2,388,000. Mackenzie Financial Corp lifted its stake in shares of SS&C Technologies by 18.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock worth $62,207,000 after buying an additional 161,165 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of SS&C Technologies by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock valued at $71,063,000 after buying an additional 68,359 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $0.29 during trading hours on Friday, reaching $61.81. The company’s stock had a trading volume of 778,547 shares, compared to its average volume of 1,039,866. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.07. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The company’s 50-day moving average is $62.53 and its two-hundred day moving average is $59.53. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 24.63 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 38.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Royal Bank of Canada lifted 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 note on Wednesday, February 14th. Truist Financial increased their price objective 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. Finally, Needham & Company LLC upped their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

About SS&C Technologies

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.