Union Bancaire Privee UBP SA Acquires Shares of 10,137 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Union Bancaire Privee UBP SA purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,137 shares of the technology company’s stock, valued at approximately $772,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Funds Management LTD acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $3,544,000. First Horizon Advisors Inc. increased its holdings in SS&C Technologies by 20.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,297 shares of the technology company’s stock valued at $98,000 after purchasing an additional 222 shares during the last quarter. 44 Wealth Management LLC increased its holdings in SS&C Technologies by 7.9% in the 4th quarter. 44 Wealth Management LLC now owns 28,759 shares of the technology company’s stock valued at $2,179,000 after purchasing an additional 2,108 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in SS&C Technologies by 13.4% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,822 shares of the technology company’s stock valued at $290,000 after purchasing an additional 451 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in SS&C Technologies by 8.2% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 216,484 shares of the technology company’s stock valued at $16,405,000 after purchasing an additional 16,333 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $88.65 on Tuesday. The company has a fifty day simple moving average of $80.29 and a two-hundred day simple moving average of $76.42. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. 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 $89.50.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results 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 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Raymond James lifted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. DA Davidson lifted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada lifted their target price 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. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and an average price target of $97.50.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 451,000 shares of company stock worth $35,459,808. Corporate insiders own 15.40% of the company’s stock.

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.