SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stake Lessened by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 74.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,843 shares of the technology company’s stock after selling 121,478 shares during the period. Handelsbanken Fonder AB’s holdings in SS&C Technologies were worth $2,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. CWM LLC increased its stake in shares of SS&C Technologies by 20.2% in the third quarter. CWM LLC now owns 2,859 shares of the technology company’s stock worth $150,000 after buying an additional 481 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in SS&C Technologies by 5.8% in the third quarter. Asset Management One Co. Ltd. now owns 90,728 shares of the technology company’s stock worth $4,767,000 after purchasing an additional 5,014 shares during the period. Copeland Capital Management LLC boosted its holdings in SS&C Technologies by 21.5% in the third quarter. Copeland Capital Management LLC now owns 3,586 shares of the technology company’s stock worth $188,000 after purchasing an additional 635 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in SS&C Technologies by 25.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 133,067 shares of the technology company’s stock worth $6,991,000 after purchasing an additional 26,800 shares during the period. Finally, Curated Wealth Partners LLC acquired a new position in SS&C Technologies in the third quarter worth $611,000. Institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SSNC. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. UBS Group boosted their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Needham & Company LLC upped their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup upped their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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 price of $62.82 and a 200 day moving average price of $59.08. The firm has a market capitalization of $15.14 billion, a PE ratio of 24.40 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s dividend payout ratio is presently 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.