GW&K Investment Management LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 99.4% in the third quarter, HoldingsChannel reports. The firm owned 527 shares of the technology company’s stock after selling 84,019 shares during the period. GW&K Investment Management LLC’s holdings in SS&C Technologies were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in SSNC. Vanguard Group Inc. boosted its position in shares of SS&C Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 20,567,287 shares of the technology company’s stock worth $1,702,971,000 after buying an additional 165,821 shares during the period. Burgundy Asset Management Ltd. increased its position in SS&C Technologies by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 5,239,571 shares of the technology company’s stock valued at $433,836,000 after acquiring an additional 53,264 shares during the period. Geode Capital Management LLC raised its stake in SS&C Technologies by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,715,723 shares of the technology company’s stock valued at $306,639,000 after acquiring an additional 14,789 shares in the last quarter. Swedbank AB raised its stake in SS&C Technologies by 8.5% during the 3rd quarter. Swedbank AB now owns 3,710,333 shares of the technology company’s stock valued at $329,329,000 after acquiring an additional 290,679 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in SS&C Technologies by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,979,431 shares of the technology company’s stock worth $264,435,000 after acquiring an additional 50,757 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.
SS&C Technologies Stock Up 0.4%
SSNC stock opened at $75.79 on Friday. The firm has a market cap of $18.30 billion, a PE ratio of 23.98 and a beta of 1.18. SS&C Technologies Holdings, Inc. has a 12 month low of $69.00 and a 12 month high of $91.07. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $80.07 and a 200 day simple moving average of $84.13.
SS&C Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.27 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. SS&C Technologies’s dividend payout ratio is currently 34.18%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $106.00 price objective on shares of SS&C Technologies in a research note on Friday, February 6th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SS&C Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.00.
Read Our Latest Report on SS&C Technologies
SS&C Technologies Company Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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