Kestra Private Wealth Services LLC Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kestra Private Wealth Services LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,662 shares of the technology company’s stock after buying an additional 1,428 shares during the period. Kestra Private Wealth Services LLC’s holdings in SS&C Technologies were worth $590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners boosted its stake in shares of SS&C Technologies by 5.3% during the third quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock valued at $455,894,000 after purchasing an additional 435,377 shares during the period. Nomura Holdings Inc. grew its holdings in SS&C Technologies by 571.4% in the 3rd quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company’s stock worth $21,518,000 after acquiring an additional 348,563 shares during the last quarter. Sixth Street Partners Management Company L.P. purchased a new position in shares of SS&C Technologies in the third quarter valued at about $11,296,000. Pzena Investment Management LLC raised its stake in shares of SS&C Technologies by 1.4% during the third quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock valued at $747,615,000 after acquiring an additional 197,934 shares during the last quarter. Finally, Oribel Capital Management LP bought a new stake in shares of SS&C Technologies in the third quarter worth about $8,596,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $61.81 on Monday. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $59.59. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 24.63 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. SS&C Technologies’s payout ratio is 38.25%.

Analyst Ratings Changes

Several research firms have weighed in on SSNC. Jefferies Financial Group increased their price objective on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Truist Financial boosted their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Needham & Company LLC raised their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Company 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.