Quantbot Technologies LP Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Quantbot Technologies LP acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,443 shares of the technology company’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of SS&C Technologies by 482.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,727,873 shares of the technology company’s stock valued at $210,514,000 after buying an additional 3,088,224 shares in the last quarter. Norges Bank bought a new position in shares of SS&C Technologies in the fourth quarter valued at $124,570,000. Shapiro Capital Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter valued at $118,298,000. Durable Capital Partners LP bought a new position in shares of SS&C Technologies in the second quarter valued at $121,640,000. Finally, Capital World Investors bought a new position in shares of SS&C Technologies in the first quarter valued at $103,226,000. 82.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on SSNC shares. DA Davidson decreased their price objective on shares of SS&C Technologies from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, October 27th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. UBS Group initiated coverage on shares of SS&C Technologies in a research note on Tuesday, November 7th. They set a “buy” rating and a $72.00 price objective on the stock. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $71.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Morgan Stanley dropped their target price on shares of SS&C Technologies from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $67.75.

Get Our Latest Analysis on SS&C Technologies

SS&C Technologies Stock Down 0.0 %

Shares of NASDAQ SSNC opened at $60.71 on Thursday. The company has a 50 day simple moving average of $60.01 and a 200 day simple moving average of $56.40. The firm has a market cap of $15.03 billion, a PE ratio of 25.09 and a beta of 1.46. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $64.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Thursday, November 30th. SS&C Technologies’s dividend payout ratio is presently 39.67%.

SS&C Technologies Profile

(Free Report)

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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