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

Haven Private LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,491 shares of the technology company's stock, valued at approximately $719,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $49,179,000. Arizona State Retirement System increased its position in SS&C Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 64,139 shares of the technology company's stock worth $4,860,000 after purchasing an additional 367 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in SS&C Technologies by 1.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 95,416 shares of the technology company's stock worth $7,231,000 after purchasing an additional 1,658 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $7,634,000. Finally, Atria Investments Inc grew its stake in shares of SS&C Technologies by 8.4% during the 4th quarter. Atria Investments Inc now owns 15,165 shares of the technology company's stock valued at $1,149,000 after buying an additional 1,176 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

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SS&C Technologies Stock Down 1.6 %

SSNC stock traded down $1.36 during trading on Tuesday, reaching $81.52. The stock had a trading volume of 2,565,208 shares, compared to its average volume of 1,504,885. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average price of $82.52 and a 200 day moving average price of $77.46. The company has a market capitalization of $20.09 billion, a P/E ratio of 27.17 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released 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 return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies's payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. 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. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, DA Davidson raised their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $97.50.

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.