Kingsview Wealth Management LLC Acquires 41,640 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kingsview Wealth Management LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,247 shares of the technology company's stock after purchasing an additional 41,640 shares during the period. Kingsview Wealth Management LLC owned approximately 0.07% of SS&C Technologies worth $12,901,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $65,000. Global X Japan Co. Ltd. raised its stake in shares of SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company's stock worth $66,000 after buying an additional 574 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies during the 3rd quarter valued at about $68,000. Versant Capital Management Inc increased its holdings in shares of SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock valued at $72,000 after buying an additional 233 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of SS&C Technologies in the third quarter worth about $73,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William C. Stone sold 247,300 shares of the company'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 $2,439,103,510.86. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last quarter. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $1.38 during trading on Wednesday, reaching $88.09. 1,534,100 shares of the company traded hands, compared to its average volume of 1,444,679. The firm has a market capitalization of $21.82 billion, a PE ratio of 29.36 and a beta of 1.38. The company's 50 day moving average is $78.32 and its two-hundred day moving average is $75.41. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $88.22. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.14%. SS&C Technologies's dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSNC. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday. 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 note on Friday, February 7th. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $89.50.

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.