Corient Private Wealth LLC Trims Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Corient Private Wealth LLC decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,223 shares of the technology company's stock after selling 5,017 shares during the quarter. Corient Private Wealth LLC's holdings in SS&C Technologies were worth $775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SSNC. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust raised its stake in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies in the 4th quarter worth $51,000. Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the 4th quarter valued at about $65,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on SSNC. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 7th. DA Davidson lifted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, UBS Group boosted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have assigned 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 a consensus price target of $97.50.

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Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following 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 disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Stock Down 2.0 %

SSNC traded down $1.66 on Friday, hitting $81.98. The company had a trading volume of 802,003 shares, compared to its average volume of 1,213,502. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 27.33 and a beta of 1.36. The stock has a fifty day moving average price of $84.15 and a 200-day moving average price of $78.25. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.93% and a return on equity of 18.30%. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio is presently 33.33%.

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.