Choreo LLC Boosts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Choreo LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 253.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,145 shares of the technology company's stock after acquiring an additional 16,600 shares during the quarter. Choreo LLC's holdings in SS&C Technologies were worth $1,751,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SSNC. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $65,000. Capital Performance Advisors LLP bought a new position in SS&C Technologies in the 3rd quarter worth approximately $68,000. Versant Capital Management Inc boosted its stake in SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock worth $72,000 after purchasing an additional 233 shares during the period. Brooklyn Investment Group bought a new position in SS&C Technologies in the 3rd quarter worth approximately $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in SS&C Technologies in the 3rd quarter worth approximately $89,000. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday. Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday. Finally, UBS Group upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Buy" and an average price target of $89.50.

SS&C Technologies Trading Down 0.7 %

NASDAQ:SSNC traded down $0.58 during midday trading on Tuesday, hitting $86.71. 2,556,299 shares of the company traded hands, compared to its average volume of 1,440,959. The firm's fifty day moving average is $78.10 and its 200-day moving average is $75.32. SS&C Technologies Holdings, Inc. has a 12-month low of $59.53 and a 12-month high of $87.54. The firm has a market capitalization of $21.48 billion, a P/E ratio of 28.90 and a beta of 1.38. 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, December 2nd. SS&C Technologies's payout ratio is currently 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value 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. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by corporate insiders.

About SS&C Technologies

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.