Eagle Rock Investment Company LLC reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 80.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,470 shares of the technology company’s stock after selling 38,556 shares during the period. Eagle Rock Investment Company LLC’s holdings in SS&C Technologies were worth $828,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Japan Co. Ltd. lifted its position in shares of SS&C Technologies by 53.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,266 shares of the technology company’s stock valued at $111,000 after acquiring an additional 440 shares in the last quarter. Salvus Wealth Management LLC increased its position in shares of SS&C Technologies by 3.6% during the fourth quarter. Salvus Wealth Management LLC now owns 5,741 shares of the technology company’s stock worth $502,000 after purchasing an additional 200 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new position in SS&C Technologies in the 4th quarter valued at $465,000. Legacy Wealth Asset Management LLC lifted its holdings in SS&C Technologies by 3.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,122 shares of the technology company’s stock valued at $710,000 after purchasing an additional 259 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in SS&C Technologies in the 4th quarter valued at $643,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.
SS&C Technologies Stock Down 2.6%
Shares of NASDAQ:SSNC opened at $65.42 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $75.15 and a two-hundred day moving average of $82.30. The stock has a market cap of $15.80 billion, a P/E ratio of 20.70 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a 52-week low of $65.05 and a 52-week high of $91.07.
SS&C Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. SS&C Technologies’s payout ratio is 34.18%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on SSNC. Needham & Company LLC dropped their target price on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. DA Davidson reissued a “buy” rating and issued a $106.00 price target on shares of SS&C Technologies in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.00.
Read Our Latest Analysis on SS&C Technologies
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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