Quotient Wealth Partners LLC Invests $260,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Quotient Wealth Partners LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,255 shares of the technology company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Pzena Investment Management LLC raised its holdings in shares of SS&C Technologies by 1.4% in the 3rd quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock worth $747,615,000 after purchasing an additional 197,934 shares in the last quarter. Boston Partners boosted its stake in shares of SS&C Technologies by 5.3% during the 3rd quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock worth $455,894,000 after acquiring an additional 435,377 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of SS&C Technologies by 0.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after acquiring an additional 44,764 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SS&C Technologies by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company’s stock valued at $141,190,000 after acquiring an additional 199,780 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in SS&C Technologies by 5.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock worth $80,180,000 after purchasing an additional 77,551 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded up $0.49 during trading on Wednesday, hitting $63.69. 591,829 shares of the company’s stock traded hands, compared to its average volume of 965,361. 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 debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $15.75 billion, a PE ratio of 25.18 and a beta of 1.42. The firm’s fifty day moving average price is $62.45 and its 200 day moving average price is $60.25.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

SSNC has been the subject of several recent analyst reports. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Citigroup increased their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Truist Financial upped their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

Read Our Latest Stock Report on SSNC

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $63.14, for a total value of $315,700.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at $2,399,320. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.40% of the stock is owned by corporate insiders.

About SS&C Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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