Bleakley Financial Group LLC Has $247,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bleakley Financial Group LLC decreased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,043 shares of the technology company’s stock after selling 209 shares during the quarter. Bleakley Financial Group LLC’s holdings in SS&C Technologies were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in SS&C Technologies by 15.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,787 shares of the technology company’s stock worth $25,653,000 after acquiring an additional 56,435 shares during the period. International Assets Investment Management LLC boosted its position in SS&C Technologies by 2,220.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,833 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,754 shares during the period. Arizona State Retirement System boosted its position in SS&C Technologies by 0.3% during the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock worth $3,750,000 after acquiring an additional 196 shares during the period. Integrated Investment Consultants LLC boosted its position in SS&C Technologies by 38.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 17,883 shares of the technology company’s stock worth $1,093,000 after acquiring an additional 4,940 shares during the period. Finally, Parcion Private Wealth LLC acquired a new stake in SS&C Technologies during the 4th quarter worth about $4,046,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 3.4 %

NASDAQ SSNC opened at $59.90 on Tuesday. The stock has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $58.68. The company has a market capitalization of $14.80 billion, a PE ratio of 25.17 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. SS&C Technologies’s dividend payout ratio is currently 40.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SSNC. Needham & Company LLC raised their price objective on SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Citigroup lifted their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Truist Financial lifted their price target on SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Finally, UBS Group lifted their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.44.

About SS&C Technologies

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.