JPMorgan Chase & Co. cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 582,059 shares of the technology company’s stock after selling 134,719 shares during the period. JPMorgan Chase & Co.’s holdings in SS&C Technologies were worth $30,302,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SSNC. Advisor Group Holdings Inc. increased its holdings in SS&C Technologies by 0.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 25,838 shares of the technology company’s stock worth $1,346,000 after acquiring an additional 162 shares in the last quarter. Utah Retirement Systems boosted its position in SS&C Technologies by 0.5% during the third quarter. Utah Retirement Systems now owns 39,936 shares of the technology company’s stock worth $1,906,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp raised its stake in SS&C Technologies by 15.2% in the 4th quarter. Fifth Third Bancorp now owns 1,824 shares of the technology company’s stock valued at $95,000 after purchasing an additional 240 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of SS&C Technologies by 3.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,713 shares of the technology company’s stock valued at $368,000 after purchasing an additional 271 shares during the last quarter. Finally, Nicolet Bankshares Inc. boosted its position in shares of SS&C Technologies by 5.3% in the third quarter. Nicolet Bankshares Inc. now owns 5,760 shares of the technology company’s stock worth $275,000 after buying an additional 290 shares during the period. 83.14% of the stock is owned by hedge funds and other institutional investors.
SS&C Technologies Trading Down 0.4 %
SSNC opened at $56.50 on Monday. The stock has a market cap of $14.08 billion, a PE ratio of 24.25 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.13. SS&C Technologies Holdings, Inc. has a twelve month low of $45.25 and a twelve month high of $64.52. The company has a fifty day moving average of $56.12 and a 200-day moving average of $55.97.
SS&C Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, May 31st. SS&C Technologies’s dividend payout ratio (DPR) is 34.33%.
Analyst Ratings Changes
SSNC has been the subject of several recent analyst reports. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 26th. Credit Suisse Group upped their price objective on shares of SS&C Technologies from $78.00 to $83.00 in a report on Friday, April 28th. Royal Bank of Canada reissued an “outperform” rating and set a $65.00 target price on shares of SS&C Technologies in a research note on Thursday, March 9th. Finally, JPMorgan Chase & Co. began coverage on shares of SS&C Technologies in a report on Wednesday, March 15th. They issued an “overweight” rating and a $68.00 price target on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $68.67.
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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.
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