Schechter Investment Advisors LLC Decreases Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Schechter Investment Advisors LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,320 shares of the technology company’s stock after selling 1,610 shares during the period. Schechter Investment Advisors LLC’s holdings in SS&C Technologies were worth $753,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SSNC. Nordea Investment Management AB increased its stake in SS&C Technologies by 127.0% in the 4th quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock worth $14,839,000 after purchasing an additional 135,775 shares during the period. Klein Pavlis & Peasley Financial Inc. purchased a new position in SS&C Technologies in the 4th quarter worth approximately $2,388,000. Bank of New York Mellon Corp increased its stake in SS&C Technologies by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock worth $71,063,000 after purchasing an additional 68,359 shares during the period. Nomura Holdings Inc. increased its stake in shares of SS&C Technologies by 571.4% during the third quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company’s stock valued at $21,518,000 after buying an additional 348,563 shares during the period. Finally, Oribel Capital Management LP purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $8,596,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial boosted their target price on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. UBS Group boosted their target price on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Citigroup boosted their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $69.44.

SS&C Technologies Trading Down 0.3 %

SS&C Technologies stock opened at $64.37 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $62.62 and its two-hundred day simple moving average is $57.94. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 27.05 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio 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.