PGGM Investments Trims Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

PGGM Investments trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,358 shares of the technology company’s stock after selling 1,021 shares during the quarter. PGGM Investments’ holdings in SS&C Technologies were worth $2,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headinvest LLC purchased a new stake in shares of SS&C Technologies in the third quarter worth approximately $26,000. Operose Advisors LLC purchased a new position in SS&C Technologies during the 3rd quarter worth $34,000. Fortis Group Advisors LLC purchased a new position in SS&C Technologies during the 3rd quarter worth $53,000. Tobam increased its holdings in SS&C Technologies by 1,428.8% during the 4th quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after purchasing an additional 943 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in SS&C Technologies during the 3rd quarter worth $53,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $61.24 on Monday. The firm has a market capitalization of $15.14 billion, a price-to-earnings 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. The business has a fifty day moving average of $62.78 and a 200 day moving average of $59.19. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86.

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

Analyst Ratings Changes

Several research analysts have commented on SSNC shares. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. UBS Group raised their price objective on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada raised their price objective on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Truist Financial increased their target price on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.22.

SS&C Technologies 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.