Xponance Inc. Purchases 5,068 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Xponance Inc. lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,787 shares of the technology company's stock after acquiring an additional 5,068 shares during the period. Xponance Inc.'s holdings in SS&C Technologies were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

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

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded up $0.52 during midday trading on Wednesday, hitting $83.83. 805,934 shares of the company's stock traded hands, compared to its average volume of 1,169,194. The firm has a fifty day moving average of $83.88 and a 200 day moving average of $78.07. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year 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. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 27.94 and a beta of 1.36.

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

SS&C Technologies Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.19%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, 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. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $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. 15.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. DA Davidson raised their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $97.50.

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.