SS&C Technologies Holdings, Inc. $SSNC Stock Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,805 shares of the technology company’s stock after selling 20,404 shares during the period. Foster Victor Wealth Advisors LLC owned approximately 0.07% of SS&C Technologies worth $13,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vest Financial LLC grew its position in shares of SS&C Technologies by 0.8% during the 3rd quarter. Vest Financial LLC now owns 28,958 shares of the technology company’s stock worth $2,232,000 after purchasing an additional 227 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in SS&C Technologies in the 3rd quarter valued at $224,000. Nisa Investment Advisors LLC lifted its position in shares of SS&C Technologies by 47.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,660 shares of the technology company’s stock valued at $899,000 after acquiring an additional 3,775 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in SS&C Technologies by 5.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company’s stock valued at $163,664,000 after purchasing an additional 102,252 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new stake in SS&C Technologies during the third quarter worth about $284,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

SSNC stock opened at $87.09 on Thursday. SS&C Technologies Holdings, Inc. has a 52-week low of $61.40 and a 52-week high of $89.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $81.28 and a two-hundred day simple moving average of $73.49. The company has a market capitalization of $20.44 billion, a P/E ratio of 25.03 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. SS&C Technologies had a net margin of 13.16% and a return on equity of 21.20%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Research analysts expect that SS&C Technologies Holdings, Inc. will post 6.26 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 34.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada boosted their target price on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. DA Davidson reiterated a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a report on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on SS&C Technologies from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Finally, Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.62.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.