Wedge Capital Management L L P NC Has $2.23 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wedge Capital Management L L P NC decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,541 shares of the technology company’s stock after selling 1,428 shares during the quarter. Wedge Capital Management L L P NC’s holdings in SS&C Technologies were worth $2,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in shares of 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 valued at $747,615,000 after buying an additional 197,934 shares during the period. Boston Partners lifted its position in shares of SS&C Technologies by 5.3% in the 3rd 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 period. Diamond Hill Capital Management Inc. boosted its stake in shares of SS&C Technologies by 0.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after purchasing an additional 44,764 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings 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 valued at $80,180,000 after buying an additional 77,551 shares during the period. Finally, Northern Trust Corp raised its position in shares of SS&C Technologies by 5.4% in the 3rd quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock worth $77,326,000 after acquiring an additional 75,440 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.9 %

Shares of SSNC opened at $61.54 on Thursday. 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 capitalization of $15.21 billion, a P/E ratio of 25.86 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $62.91 and its 200 day simple moving average is $59.05.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is currently 40.34%.

Analyst Ratings Changes

SSNC has been the subject of a number of analyst reports. TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday, April 16th. 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. Citigroup upped their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Truist Financial lifted their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.78.

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.