Sovereign Investment Advisors LLC Invests $216,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sovereign Investment Advisors LLC acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,847 shares of the technology company’s stock, valued at approximately $216,000.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $39,000. Parkside Financial Bank & Trust lifted its position in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after acquiring an additional 229 shares during the period. Financial Perspectives Inc acquired a new stake in SS&C Technologies during the 4th quarter worth about $51,000. Rialto Wealth Management LLC acquired a new stake in SS&C Technologies during the 4th quarter worth about $64,000. Finally, CENTRAL TRUST Co acquired a new stake in SS&C Technologies during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $81.41 on Friday. The stock has a market cap of $20.07 billion, a PE ratio of 27.14 and a beta of 1.36. The business has a 50-day simple moving average of $82.94 and a 200-day simple moving average of $77.63. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SSNC shares. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. DA Davidson lifted their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $97.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.