Kennon Green & Company LLC Decreases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kennon Green & Company LLC lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,786 shares of the technology company’s stock after selling 1,393 shares during the quarter. SS&C Technologies comprises 5.6% of Kennon Green & Company LLC’s portfolio, making the stock its 4th biggest holding. Kennon Green & Company LLC’s holdings in SS&C Technologies were worth $5,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC bought a new stake in SS&C Technologies during the 4th quarter valued at approximately $220,000. Russell Investments Group Ltd. raised its stake in SS&C Technologies by 2.6% during the 4th quarter. Russell Investments Group Ltd. now owns 344,152 shares of the technology company’s stock valued at $21,031,000 after purchasing an additional 8,826 shares during the period. Golden State Equity Partners bought a new stake in SS&C Technologies during the 4th quarter valued at approximately $298,000. Tokio Marine Asset Management Co. Ltd. raised its stake in SS&C Technologies by 105.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,854 shares of the technology company’s stock valued at $786,000 after purchasing an additional 6,603 shares during the period. Finally, Carret Asset Management LLC raised its stake in SS&C Technologies by 2.5% during 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 period. Institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SSNC. StockNews.com raised 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 price objective on shares of SS&C Technologies in a report on Tuesday, April 16th. Jefferies Financial Group boosted their price objective on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a report on Monday. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada boosted their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Stock Up 0.7 %

Shares of SSNC stock traded up $0.44 during mid-day trading on Monday, hitting $61.68. The stock had a trading volume of 549,572 shares, compared to its average volume of 962,914. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86. The firm has a market capitalization of $15.25 billion, a P/E ratio of 24.63 and a beta of 1.43. The firm’s 50-day moving average is $62.78 and its two-hundred day moving average is $59.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s payout ratio is 38.25%.

SS&C Technologies Company 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.