SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,416 shares of the technology company’s stock after selling 254 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in SS&C Technologies were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in SSNC. Pzena Investment Management LLC grew its holdings in SS&C Technologies by 1.4% in the 3rd quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock worth $747,615,000 after buying an additional 197,934 shares in the last quarter. Boston Partners grew its stake in shares of SS&C Technologies by 5.3% in the third quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock worth $455,894,000 after purchasing an additional 435,377 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of SS&C Technologies by 0.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after purchasing an additional 44,764 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of SS&C Technologies by 5.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock valued at $80,180,000 after purchasing an additional 77,551 shares during the period. Finally, Northern Trust Corp lifted its holdings in SS&C Technologies by 5.4% in the third quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock worth $77,326,000 after purchasing an additional 75,440 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

SSNC stock opened at $61.24 on Monday. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86. The firm has a 50-day moving average of $62.78 and a two-hundred day moving average of $59.19. The firm has a market capitalization of $15.14 billion, a PE ratio of 24.40 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04.

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, meeting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Analyst Ratings Changes

Several research firms have commented on SSNC. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. Royal Bank of Canada boosted their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Truist Financial lifted their price target on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.22.

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.