Aviva Boosts SS&C Holdings: Good News For FinTech Investment
The financial world is changing all the time. SS&C Technologies Holdings, Inc. is doing great things in the industry. Aviva PLC has noticed this and increased its holdings by 136.7% in the fourth quarter. This is impressive news according to a recent filing.
Aviva PLC has more than 185,000 shares of SS&C Technologies Holdings. The shares are worth $27,483,000, which is a small part of the company's overall value. This shows that Aviva believes in the future of the technology company. SS&C provides important software solutions for financial services and healthcare industries.
SS&C Technologies Holdings is a company that works in many different parts of the world. They operate in Canada, Asia-Pacific and Japan, Europe, Middle East and Africa, and Americas (excluding U.S. and Canada). This company is worth $13.80 billion and their P/E ratio is 23.78 as of May 25th, 2023. Aviva chose to invest more in this industry because it is growing quickly.
On Thursday, SSNC stock started trading at $55.40. The beta, a measure of stock volatility, is 1.42. Its price range over the past 52 weeks is between $65.92 and $45.25. The recent simple moving average is $55.85. The debt-to-equity ratio is 1:13.
Aviva PLC, a top insurance group, has made a smart investment move. They're using technology to increase their profits. Many modern finance companies are doing the same thing.
So, what did Aviva teach us by trying out SS&C technologies? Investing well can beat tech companies' uncertainty. And, finance folks are always working on being ahead of the game with new tech options to improve their business value and outreach.
Carriers and technology firms could invest more in the future. Aviva PLC has faith in SS&C Technologies company. Other financial services companies worldwide may also be interested.
SS&C Technologies' Positive Ratings And Investor Interest Drives Growth With Quarterly Dividend
SS&C Technologies is a fintech company that's been seeing changes in investor positions. Benjamin F. Edwards & Company Inc. increased its holdings by 181.9% in Q4. Belpointe Asset Management LLC has acquired a new position worth $40,000. Hedge funds and institutional investors now own 83.14% of SS&C Technologies.
Experts recommend buying SSNC shares. StockNews.com and Raymond James gave the stock a "buy" and "strong-buy" rating respectively. Raymond James also raised their target price from $63 to $74 earlier this year.
One analyst said to hold the stock. Nine other analysts gave it a buy rating. The average target price is $68.67. This is according to data from Bloomberg.
SS&C Technologies made two announcements last week. The first was updates to their software. The second was that it will pay quarterly dividends. Investors who own shares by June 1st will receive $0.20 per share on June 15th. The dividend payout ratio will be 34.33% per year.
SS&C Technologies are experiencing positive changes that indicate a bright future for them. Shareholders can expect good returns in the form of dividends. The company is making progress in the financial services technology industry. This bodes well for investors who are interested in the company.
