44 Wealth Management LLC Boosts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

44 Wealth Management LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,759 shares of the technology company’s stock after acquiring an additional 2,108 shares during the period. 44 Wealth Management LLC’s holdings in SS&C Technologies were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SSNC. SkyView Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares during the period. Global Retirement Partners LLC increased its holdings in shares of SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after purchasing an additional 149 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of SS&C Technologies by 5.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after purchasing an additional 164 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after purchasing an additional 171 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 520,000 shares of company stock worth $40,777,638. Company insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada increased their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $97.50.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $88.60 on Friday. The company has a 50-day simple moving average of $80.04 and a two-hundred day simple moving average of $76.20. 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 12-month low of $59.63 and a 12-month high of $89.50. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38.

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

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

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.