93,708 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 93,708 shares of the technology company’s stock, valued at approximately $4,467,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dark Forest Capital Management LP purchased a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $26,000. Tobam purchased a new stake in SS&C Technologies during the 2nd quarter valued at $40,000. Venture Visionary Partners LLC purchased a new stake in SS&C Technologies during the 2nd quarter valued at $44,000. Benjamin Edwards Inc. boosted its stake in SS&C Technologies by 49.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 813 shares of the technology company’s stock valued at $39,000 after purchasing an additional 268 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in SS&C Technologies by 202.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 843 shares of the technology company’s stock valued at $48,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SSNC. Jefferies Financial Group cut their target price on SS&C Technologies from $81.00 to $55.00 in a research note on Friday, October 28th. Truist Financial lowered their price target on SS&C Technologies from $75.00 to $55.00 in a report on Tuesday, December 6th. Credit Suisse Group lowered their price target on SS&C Technologies from $78.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Raymond James lowered their price target on SS&C Technologies from $83.00 to $63.00 and set a “strong-buy” rating on the stock in a report on Friday, October 28th. Finally, Morgan Stanley decreased their target price on SS&C Technologies from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $64.73.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $56.27 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.24. The business’s 50-day simple moving average is $52.64 and its two-hundred day simple moving average is $54.06. The stock has a market cap of $14.18 billion, a PE ratio of 21.56 and a beta of 1.42. SS&C Technologies Holdings, Inc. has a 52 week low of $45.25 and a 52 week high of $82.46.

SS&C Technologies (NASDAQ:SSNCGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. SS&C Technologies had a return on equity of 19.05% and a net margin of 13.24%. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.25 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. SS&C Technologies’s dividend payout ratio is presently 30.65%.

SS&C Technologies Company Profile

(Get Rating)

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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

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