1 week Ago By Defense World Staff
JPMorgan Chase & Co. cut its holdings in shares of SS&C Technologies Holdings, Inc. ( NASDAQ:SSNC – Free Report ) by 24.
1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 376,904 shares of the technology company’s stock after selling 119,406 shares during the period. JPMorgan Chase & Co.
owned 0.15% of SS&C Technologies worth $28,562,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in SSNC.
Steward Partners Investment Advisory LLC increased its position in SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after purchasing an additional 123 shares during the period.
SkyView Investment Advisors LLC increased its position in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after buying an additional 137 shares during the period.
Global Retirement Partners LLC lifted its holdings in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after buying an additional 149 shares during the period.
Farther Finance Advisors LLC boosted its position in SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after acquiring an additional 158 shares in the last quarter.
Finally, Legacy Capital Group California Inc. grew its holdings in shares of SS&C Technologies by 5.8% during the 4th quarter.
Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after acquiring an additional 164 shares during the period. Institutional investors own 96.
95% of the company’s stock. Analyst Ratings Changes A number of research analysts have recently commented on SSNC shares. StockNews.
com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.
00 and gave the company an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.
00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.
00 in a research note on Monday, February 3rd. Finally, Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.
00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus price target of $97.
50. SS&C Technologies Stock Down 1.8 % NASDAQ:SSNC opened at $71.
96 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.
21 and a current ratio of 1.21. The firm has a market cap of $17.
74 billion, a P/E ratio of 23.99 and a beta of 1.31.
SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.
73. The firm has a 50-day simple moving average of $83.79 and a two-hundred day simple moving average of $78.
40. SS&C Technologies ( NASDAQ:SSNC – Get Free Report ) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.
41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09.
SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%.
Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.
SS&C Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share.
The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.
39%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.
Insider Buying and Selling In related news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.
00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52.
This trade represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.
00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.
78 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 15.
40% of the stock is owned by corporate insiders. About SS&C Technologies ( Free Report ) SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.
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