Kestra Private Wealth Services LLC Raises Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kestra Private Wealth Services LLC raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 43.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,352 shares of the technology company’s stock after acquiring an additional 3,738 shares during the period. Kestra Private Wealth Services LLC’s holdings in SS&C Technologies were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC raised its holdings in shares of SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of SS&C Technologies by 5.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after acquiring an additional 171 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 196 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after purchasing an additional 198 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of SS&C Technologies by 10.3% during the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company’s stock valued at $168,000 after purchasing an additional 212 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company 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 research report on Monday. Raymond James boosted their target price on 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. Finally, Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $89.50.

SS&C Technologies Stock Performance

SSNC stock opened at $88.58 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $78.57 and its two-hundred day simple moving average is $75.50. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $88.80. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

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.