Evercore Wealth Management LLC Has $274,000 Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Evercore Wealth Management LLC cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 39.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,480 shares of the technology company’s stock after selling 2,890 shares during the period. Evercore Wealth Management LLC’s holdings in SS&C Technologies were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC raised its position in SS&C Technologies by 1.7% during the fourth quarter. Pzena Investment Management LLC now owns 14,472,892 shares of the technology company’s stock valued at $884,438,000 after purchasing an additional 243,444 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in SS&C Technologies by 2.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after acquiring an additional 101,948 shares in the last quarter. Franklin Resources Inc. boosted its position in SS&C Technologies by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock valued at $236,603,000 after acquiring an additional 56,002 shares in the last quarter. Norges Bank bought a new stake in SS&C Technologies during the 4th quarter valued at approximately $168,860,000. Finally, Dimensional Fund Advisors LP boosted its position in SS&C Technologies by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company’s stock valued at $141,190,000 after acquiring an additional 199,780 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Trading Up 0.1 %

Shares of SS&C Technologies stock opened at $61.72 on Tuesday. The company has a market capitalization of $15.26 billion, a P/E ratio of 24.59 and a beta of 1.37. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $62.08 and a 200 day moving average of $61.43. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $65.86.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, June 3rd. SS&C Technologies’s payout ratio is currently 38.25%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total value of $639,400.00. Following the sale, the director now owns 38,000 shares in the company, valued at approximately $2,429,720. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 25,000 shares of company stock worth $1,574,300 in the last 90 days. 15.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research reports. TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, April 26th. Jefferies Financial Group lifted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a report on Monday, April 29th. UBS Group lifted their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

Get Our Latest Stock Analysis on SS&C Technologies

SS&C Technologies Profile

(Free Report)

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.

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

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