Covestor Ltd Has $119,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Covestor Ltd decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,569 shares of the technology company’s stock after selling 693 shares during the quarter. Covestor Ltd’s holdings in SS&C Technologies were worth $119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners increased its stake in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after acquiring an additional 3,901,227 shares during the period. Norges Bank acquired a new stake in SS&C Technologies during the fourth quarter valued at approximately $205,475,000. KBC Group NV grew its stake in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $49,179,000. Finally, Russell Investments Group Ltd. lifted its position in shares of SS&C Technologies by 94.4% during the 4th quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company’s stock worth $54,589,000 after buying an additional 349,820 shares during the period. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Trading Up 1.5 %

SSNC opened at $76.07 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The firm has a 50-day moving average price of $83.42 and a two-hundred day moving average price of $78.43. The stock has a market capitalization of $18.74 billion, a PE ratio of 25.36 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at SS&C Technologies

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

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of analyst reports. Raymond James upped their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies has an average rating of “Buy” and an average price target of $97.17.

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.