Neuburgh Advisers LLC reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,218 shares of the technology company’s stock after selling 1,430 shares during the quarter. Neuburgh Advisers LLC’s holdings in SS&C Technologies were worth $416,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,575,740 shares of the technology company’s stock worth $998,830,000 after purchasing an additional 176,195 shares during the last quarter. Vanguard Group Inc increased its position in SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares in the last quarter. BlackRock Inc. increased its position in SS&C Technologies by 1.1% during the 4th quarter. BlackRock Inc. now owns 11,487,451 shares of the technology company’s stock valued at $518,199,000 after buying an additional 124,435 shares in the last quarter. FMR LLC increased its position in SS&C Technologies by 14.9% during the 3rd quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after buying an additional 1,161,159 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in SS&C Technologies by 37.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock valued at $173,581,000 after buying an additional 1,042,182 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.
Shares of SSNC stock opened at $62.21 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $15.68 billion, a PE ratio of 23.74, a PEG ratio of 1.44 and a beta of 1.22. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $64.36.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 14th. The technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. SS&C Technologies had a return on equity of 16.27% and a net margin of 3.01%. The company’s revenue was up 157.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 3.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 28th. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.64%. SS&C Technologies’s dividend payout ratio is currently 15.27%.
SSNC has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $75.00 target price (up from $70.00) on shares of SS&C Technologies in a research report on Friday, February 15th. Buckingham Research initiated coverage on SS&C Technologies in a research report on Thursday, January 24th. They set a “buy” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. set a $70.00 target price on SS&C Technologies and gave the company a “buy” rating in a research report on Friday, February 15th. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada upped their target price on SS&C Technologies to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and four have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $66.27.
In other news, CFO Patrick J. Pedonti sold 157,500 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total value of $9,357,075.00. Following the transaction, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at $3,416,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.50% of the stock is currently owned by corporate insiders.
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About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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