Golden State Equity Partners Takes $298,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Golden State Equity Partners purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,883 shares of the technology company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of SS&C Technologies by 127.0% in the 4th quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock valued at $14,839,000 after buying an additional 135,775 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of SS&C Technologies by 22.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after buying an additional 19,374 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of SS&C Technologies during the fourth quarter worth $2,388,000. Mackenzie Financial Corp raised its holdings in shares of SS&C Technologies by 18.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock worth $62,207,000 after acquiring an additional 161,165 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of SS&C Technologies by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock worth $71,063,000 after acquiring an additional 68,359 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SSNC. DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a report on Tuesday, April 16th. Truist Financial raised their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Citigroup raised their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.22.

SS&C Technologies Stock Performance

Shares of SSNC opened at $61.24 on Friday. The firm has a 50-day moving average of $62.78 and a 200-day moving average of $59.15. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86. The company has a market cap of $15.14 billion, a PE ratio of 24.40 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s payout ratio is 38.25%.

SS&C Technologies Company Profile

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.