SS&C Technologies Holdings, Inc. $SSNC Stock: Skylands Capital LLC Trims Holdings

Skylands Capital LLC lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,375 shares of the technology company’s stock after selling 45,900 shares during the period. SS&C Technologies comprises approximately 1.2% of Skylands Capital LLC’s holdings, making the stock its 24th largest position. Skylands Capital LLC’s holdings in SS&C Technologies were worth $9,200,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Meiji Yasuda Life Insurance Co increased its position in SS&C Technologies by 1.3% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 15,189 shares of the technology company’s stock worth $942,000 after purchasing an additional 192 shares during the period. Kera Capital Partners Inc. raised its stake in shares of SS&C Technologies by 4.5% during the 1st quarter. Kera Capital Partners Inc. now owns 4,486 shares of the technology company’s stock worth $303,000 after buying an additional 194 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of SS&C Technologies by 6.6% in the 1st quarter. HB Wealth Management LLC now owns 4,151 shares of the technology company’s stock valued at $280,000 after buying an additional 256 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of SS&C Technologies by 94.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 749 shares of the technology company’s stock valued at $58,000 after buying an additional 364 shares during the period. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SSNC shares. DA Davidson restated a “buy” rating and issued a $96.00 price target on shares of SS&C Technologies in a research note on Monday, July 27th. Jefferies Financial Group cut their price objective on SS&C Technologies from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Royal Bank Of Canada raised their target price on SS&C Technologies from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Monday, August 31st. UBS Group reissued a “buy” rating and issued a $101.00 target price on shares of SS&C Technologies in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.62.

Get Our Latest Report on SS&C Technologies

SS&C Technologies Trading Up 0.2%

Shares of SSNC opened at $87.09 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average is $81.28 and its two-hundred day moving average is $73.49. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve month high of $89.93. The firm has a market capitalization of $20.44 billion, a P/E ratio of 25.03 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. SS&C Technologies’s dividend payout ratio (DPR) is 34.48%.

About SS&C Technologies

(Free Report)

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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

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