Foresight Global Investors Inc. Sells 4,940 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Foresight Global Investors Inc. lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,019 shares of the technology company’s stock after selling 4,940 shares during the quarter. Foresight Global Investors Inc.’s holdings in SS&C Technologies were worth $918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SSNC. Carret Asset Management LLC boosted its holdings in shares of SS&C Technologies by 2.5% in the 4th quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock worth $432,000 after purchasing an additional 175 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of SS&C Technologies by 4.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock worth $261,000 after acquiring an additional 192 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of SS&C Technologies by 2.1% in the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $565,000 after purchasing an additional 194 shares in the last quarter. Arizona State Retirement System boosted its position in SS&C Technologies by 0.3% during the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock valued at $3,750,000 after buying an additional 196 shares during the period. Finally, Argent Trust Co grew its stake in shares of SS&C Technologies by 1.4% during the third quarter. Argent Trust Co now owns 19,040 shares of the technology company’s stock valued at $1,000,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.7 %

NASDAQ SSNC traded up $0.42 during trading hours on Thursday, reaching $63.42. 784,605 shares of the company’s stock traded hands, compared to its average volume of 965,897. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $15.69 billion, a PE ratio of 25.05 and a beta of 1.42. The firm has a 50-day simple moving average of $62.47 and a 200 day simple moving average of $59.79. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.24 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.96 annualized dividend and a yield of 1.51%. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSNC shares. Royal Bank of Canada increased their target price on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. UBS Group raised their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group lifted their price objective on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.20.

SS&C Technologies 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.