Greenleaf Trust Sells 1,906 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Greenleaf Trust cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,863 shares of the technology company’s stock after selling 1,906 shares during the period. Greenleaf Trust’s holdings in SS&C Technologies were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in SS&C Technologies by 1.4% in the third quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock worth $747,615,000 after purchasing an additional 197,934 shares during the last quarter. Boston Partners lifted its stake in SS&C Technologies by 5.3% in the third quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock worth $455,894,000 after purchasing an additional 435,377 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in SS&C Technologies by 0.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock worth $414,681,000 after purchasing an additional 44,764 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in SS&C Technologies by 5.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock worth $80,180,000 after purchasing an additional 77,551 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in SS&C Technologies by 5.4% in the third quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock worth $77,326,000 after purchasing an additional 75,440 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SSNC. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. UBS Group upped their price objective 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. DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.78.

SS&C Technologies Price Performance

SSNC stock opened at $60.98 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The company has a market cap of $15.08 billion, a P/E ratio of 25.62 and a beta of 1.43. The firm has a 50-day moving average of $62.89 and a 200 day moving average of $58.99. 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is presently 40.34%.

About SS&C Technologies

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.