Raymond James & Associates lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,874 shares of the technology company’s stock after selling 202,437 shares during the quarter. Raymond James & Associates owned approximately 0.06% of SS&C Technologies worth $6,580,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC bought a new stake in SS&C Technologies in the 4th quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in SS&C Technologies in the 4th quarter valued at $36,000. CWM LLC raised its stake in SS&C Technologies by 115.6% in the 4th quarter. CWM LLC now owns 873 shares of the technology company’s stock valued at $39,000 after acquiring an additional 468 shares during the period. FNY Investment Advisers LLC bought a new stake in SS&C Technologies in the 4th quarter valued at $49,000. Finally, Csenge Advisory Group bought a new stake in SS&C Technologies in the 3rd quarter valued at $81,000. 83.47% of the stock is owned by institutional investors.
SSNC stock opened at $63.16 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.44 and a beta of 1.22. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $64.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.10 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.63%. SS&C Technologies’s dividend payout ratio (DPR) is presently 15.27%.
A number of equities research analysts recently weighed in on the company. Raymond James dropped their price target on SS&C Technologies from $68.00 to $67.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 2nd. Zacks Investment Research cut SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. UBS Group dropped their price target on SS&C Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 8th. DA Davidson upgraded SS&C Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, November 16th. Finally, Royal Bank of Canada increased their price target on SS&C Technologies to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and four have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.27.
In other SS&C Technologies news, CFO Patrick J. Pedonti sold 157,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the transaction, the chief financial officer now owns 57,500 shares in the company, valued at approximately $3,416,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.50% of the stock is owned by company insiders.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
Recommended Story: Derivative
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.