Greenleaf Trust Sells 1,906 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Greenleaf Trust reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,863 shares of the technology company’s stock after selling 1,906 shares during the period. Greenleaf Trust’s holdings in SS&C Technologies were worth $297,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Headinvest LLC bought a new position in SS&C Technologies during the 3rd quarter worth $26,000. Operose Advisors LLC bought a new position in SS&C Technologies during the 3rd quarter worth $34,000. Cary Street Partners Investment Advisory LLC bought a new position in SS&C Technologies during the 3rd quarter worth $53,000. Fortis Group Advisors LLC bought a new position in SS&C Technologies during the 3rd quarter worth $53,000. Finally, Allworth Financial LP raised its position in SS&C Technologies by 126.0% during the 3rd quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock worth $56,000 after purchasing an additional 591 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on SSNC shares. Citigroup increased their price target on SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. UBS Group increased their price target on SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Truist Financial increased their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Finally, Needham & Company LLC increased their price target on SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.78.

SS&C Technologies Stock Performance

Shares of SSNC opened at $60.98 on Wednesday. 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 stock has a 50-day moving average of $62.89 and a 200-day moving average of $58.99. The company has a market cap of $15.08 billion, a PE ratio of 25.62 and a beta of 1.43. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.24 per share. 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 (DPR) is currently 40.34%.

SS&C Technologies 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.