MGO One Seven LLC Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

MGO One Seven LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 218.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,616 shares of the technology company's stock after purchasing an additional 7,967 shares during the quarter. MGO One Seven LLC's holdings in SS&C Technologies were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in SS&C Technologies during the 3rd quarter worth approximately $372,000. SkyView Investment Advisors LLC raised its stake in shares of SS&C Technologies by 2.2% during 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. Boyar Asset Management Inc. acquired a new position in shares of SS&C Technologies during the third quarter worth $1,334,000. Wilmington Savings Fund Society FSB purchased a new position in shares of SS&C Technologies in the third quarter valued at $2,326,000. Finally, Tidal Investments LLC grew its holdings in SS&C Technologies by 111.4% during the 3rd quarter. Tidal Investments LLC now owns 87,897 shares of the technology company's stock valued at $6,523,000 after purchasing an additional 46,323 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

SS&C Technologies Stock Down 6.1 %

SSNC stock opened at $72.69 on Friday. The firm has a fifty day moving average price of $81.25 and a two-hundred day moving average price of $78.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 24.23 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on SSNC. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC dropped their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. DA Davidson dropped their price target on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Raymond James decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $92.71.

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.

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