Triad Wealth Partners LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,703 shares of the technology company’s stock, valued at approximately $673,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Caldwell Trust Co acquired a new stake in SS&C Technologies during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC acquired a new stake in SS&C Technologies during the 4th quarter valued at $37,000. Quent Capital LLC acquired a new stake in SS&C Technologies during the 3rd quarter valued at $39,000. Cornerstone Planning Group LLC increased its holdings in SS&C Technologies by 1,890.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 438 shares of the technology company’s stock valued at $39,000 after purchasing an additional 416 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in SS&C Technologies during the 2nd quarter valued at $40,000. 96.90% of the stock is owned by institutional investors and hedge funds.
SS&C Technologies Stock Down 1.4%
Shares of SS&C Technologies stock opened at $67.26 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.07. SS&C Technologies Holdings, Inc. has a 12 month low of $65.05 and a 12 month high of $91.07. The business has a fifty day simple moving average of $71.86 and a 200 day simple moving average of $80.85. The stock has a market cap of $16.24 billion, a PE ratio of 21.28 and a beta of 1.19.
SS&C Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. SS&C Technologies’s payout ratio is 34.18%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SSNC. Needham & Company LLC dropped their price target on SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SS&C Technologies in a report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and set a $106.00 price target on shares of SS&C Technologies in a report on Friday, February 6th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings cut SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $101.00.
View Our Latest Stock Report on SSNC
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.
See Also
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