Haven Private LLC Takes $719,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Haven Private LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,491 shares of the technology company’s stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of SS&C Technologies by 7,320.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock worth $165,000 after purchasing an additional 2,196 shares in the last quarter. US Bancorp DE lifted its position in shares of SS&C Technologies by 1.9% during the third quarter. US Bancorp DE now owns 17,160 shares of the technology company’s stock valued at $1,273,000 after purchasing an additional 318 shares in the last quarter. Janney Montgomery Scott LLC raised its position in 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 acquiring an additional 196 shares during the period. National Pension Service raised its position in shares of SS&C Technologies by 5.4% in the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after purchasing an additional 27,336 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of SS&C Technologies by 533.3% in the third quarter. QRG Capital Management Inc. now owns 50,946 shares of the technology company’s stock valued at $3,781,000 after purchasing an additional 42,901 shares during the period. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SSNC. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. 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. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, DA Davidson boosted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $84.57 on Friday. The stock has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $77.19. The firm has a market capitalization of $20.95 billion, a P/E ratio of 28.19 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,700 shares of company stock valued at $18,547,125 over the last quarter. 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.