Envestnet Asset Management Inc. Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Asset Management Inc. raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,444 shares of the technology company's stock after buying an additional 144,218 shares during the period. Envestnet Asset Management Inc. owned 0.23% of SS&C Technologies worth $42,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the 4th quarter worth $39,000. Parkside Financial Bank & Trust boosted its stake in shares of 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 bought a new stake in shares of SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC acquired a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies in the 4th quarter valued at approximately $65,000. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

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SS&C Technologies Stock Down 0.4 %

Shares of SS&C Technologies stock traded down $0.34 during trading hours on Wednesday, reaching $76.53. The company's stock had a trading volume of 228,898 shares, compared to its average volume of 1,239,727. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock's fifty day simple moving average is $83.24 and its two-hundred day simple moving average is $78.47. The company has a market capitalization of $18.86 billion, a P/E ratio of 25.56 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73.

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

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is currently 33.33%.

Analysts Set New Price Targets

SSNC has been the subject of several recent research reports. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, DA Davidson reduced their target price on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $97.17.

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.