SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 43.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,352 shares of the technology company's stock after acquiring an additional 3,738 shares during the quarter. Kestra Private Wealth Services LLC's holdings in SS&C Technologies were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC raised its position in SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock valued at $475,000 after purchasing an additional 137 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of SS&C Technologies by 5.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company's stock valued at $246,000 after buying an additional 171 shares during the period. Janney Montgomery Scott LLC lifted its stake in SS&C Technologies by 0.4% during the 3rd 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 in the last quarter. Tectonic Advisors LLC boosted its holdings in SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock valued at $524,000 after acquiring an additional 198 shares during the period. Finally, Covestor Ltd grew its position in SS&C Technologies by 10.3% in the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company's stock valued at $168,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

SSNC has been the subject of a number of research reports. Raymond James lifted their price objective 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. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note 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 company's stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $97.50.

Insider Activity

In other news, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock valued at $34,461,478. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC traded up $0.08 during midday trading on Monday, reaching $88.66. 1,020,886 shares of the stock were exchanged, compared to its average volume of 1,293,155. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. The business's 50-day moving average price is $79.08 and its 200 day moving average price is $75.75.

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, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. SS&C Technologies's dividend payout ratio is presently 33.33%.

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.