Snowden Capital Advisors LLC Has $559,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Snowden Capital Advisors LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,374 shares of the technology company’s stock after buying an additional 937 shares during the period. Snowden Capital Advisors LLC’s holdings in SS&C Technologies were worth $559,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Siemens Fonds Invest GmbH acquired a new position in SS&C Technologies in the 4th quarter valued at about $140,000. SGL Investment Advisors Inc. boosted its holdings in SS&C Technologies by 0.4% in the 4th quarter. SGL Investment Advisors Inc. now owns 58,936 shares of the technology company’s stock valued at $4,466,000 after purchasing an additional 230 shares during the period. Royal Bank of Canada boosted its holdings in SS&C Technologies by 173.2% in the 4th quarter. Royal Bank of Canada now owns 680,915 shares of the technology company’s stock valued at $51,600,000 after purchasing an additional 431,643 shares during the period. Raiffeisen Bank International AG bought a new stake in SS&C Technologies in the 4th quarter valued at about $1,269,000. Finally, Prana Capital Management LP lifted its holdings in shares of SS&C Technologies by 74.3% during the 4th quarter. Prana Capital Management LP now owns 187,173 shares of the technology company’s stock worth $14,184,000 after acquiring an additional 79,757 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSNC. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. UBS Group upped their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Raymond James lowered their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC lowered their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and an average price target of $91.86.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael bought 2,700 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction 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 transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Up 0.4%

Shares of NASDAQ SSNC opened at $80.39 on Wednesday. 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 Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The firm has a 50 day moving average price of $78.38 and a two-hundred day moving average price of $79.05. The stock has a market cap of $19.83 billion, a P/E ratio of 26.80 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Company 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.