Geneva Capital Management LLC Reduces Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Geneva Capital Management LLC trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,815 shares of the technology company’s stock after selling 3,675 shares during the period. Geneva Capital Management LLC’s holdings in SS&C Technologies were worth $6,589,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Headinvest LLC purchased a new stake in SS&C Technologies in the 3rd quarter valued at about $26,000. Operose Advisors LLC acquired a new position in shares of SS&C Technologies in the 3rd quarter valued at $34,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of SS&C Technologies during the 3rd quarter worth $53,000. Fortis Group Advisors LLC purchased a new position in shares of SS&C Technologies in the 3rd quarter worth $53,000. Finally, Allworth Financial LP grew its position in SS&C Technologies by 126.0% during the third quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock valued at $56,000 after acquiring an additional 591 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SSNC shares. UBS Group lifted their price objective on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Jefferies Financial Group raised their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a report on Tuesday, April 16th. Needham & Company LLC boosted their price objective on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. Three equities research 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. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Stock Down 0.3 %

SS&C Technologies stock traded down $0.20 during midday trading on Friday, hitting $63.22. The stock had a trading volume of 176,409 shares, compared to its average volume of 956,322. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The stock has a market cap of $15.64 billion, a P/E ratio of 25.27 and a beta of 1.42. The business has a fifty day moving average price of $62.46 and a 200 day moving average price of $59.81. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

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

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s payout ratio is 38.25%.

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.