SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Foresight Global Investors Inc.

Foresight Global Investors Inc. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,019 shares of the technology company’s stock after selling 4,940 shares during the quarter. Foresight Global Investors Inc.’s holdings in SS&C Technologies were worth $918,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Carret Asset Management LLC raised its position in SS&C Technologies by 2.5% in the 4th quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock valued at $432,000 after purchasing an additional 175 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in SS&C Technologies by 4.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock valued at $261,000 after acquiring an additional 192 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of SS&C Technologies by 2.1% in the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock worth $565,000 after acquiring an additional 194 shares during the period. Arizona State Retirement System increased its stake in shares of SS&C Technologies by 0.3% during the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock worth $3,750,000 after acquiring an additional 196 shares during the period. Finally, Argent Trust Co raised its holdings in SS&C Technologies by 1.4% during the third quarter. Argent Trust Co now owns 19,040 shares of the technology company’s stock worth $1,000,000 after purchasing an additional 256 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SSNC shares. TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Truist Financial increased 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. Finally, Citigroup boosted their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Three 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, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $0.42 during midday trading on Thursday, reaching $63.42. 784,605 shares of the company were exchanged, compared to its average volume of 965,897. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 25.05 and a beta of 1.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day simple moving average is $62.47 and its 200-day simple moving average is $59.79. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86.

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

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is presently 38.25%.

SS&C Technologies Profile

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.