Pzena Investment Management LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,313,582 shares of the technology company’s stock after buying an additional 137,691 shares during the quarter. SS&C Technologies accounts for about 2.7% of Pzena Investment Management LLC’s holdings, making the stock its 14th biggest position. Pzena Investment Management LLC owned approximately 4.23% of SS&C Technologies worth $901,613,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $37,000. Cornerstone Planning Group LLC increased its stake in SS&C Technologies by 1,890.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock valued at $39,000 after buying an additional 416 shares during the period. Root Financial Partners LLC acquired a new position in SS&C Technologies in the 3rd quarter valued at approximately $42,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp increased its stake in SS&C Technologies by 216.4% in the 4th quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock valued at $42,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.
SS&C Technologies Price Performance
Shares of SS&C Technologies stock opened at $66.95 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. SS&C Technologies Holdings, Inc. has a fifty-two week low of $64.51 and a fifty-two week high of $91.07. The firm has a fifty day moving average price of $69.02 and a two-hundred day moving average price of $77.74. The company has a market cap of $16.12 billion, a PE ratio of 20.73 and a beta of 1.12.
SS&C Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. SS&C Technologies’s dividend payout ratio is 33.44%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on SSNC. DA Davidson restated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research note on Monday, April 27th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Morgan Stanley dropped their price target on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Weiss Ratings lowered shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, UBS Group increased their price target on shares of SS&C Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.13.
Read Our Latest Stock Analysis on SS&C Technologies
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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