Legacy Wealth Asset Management LLC Has $910,000 Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Legacy Wealth Asset Management LLC trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,008 shares of the technology company’s stock after selling 483 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in SS&C Technologies were worth $910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSNC. American Century Companies Inc. lifted its position in shares of SS&C Technologies by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 16,245 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 1,460 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in SS&C Technologies by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 59,035 shares of the technology company’s stock valued at $3,670,000 after buying an additional 570 shares during the period. Massachusetts Financial Services Co. MA boosted its position in SS&C Technologies by 0.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 156,998 shares of the technology company’s stock valued at $9,839,000 after acquiring an additional 797 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock worth $168,995,000 after acquiring an additional 349,911 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of SS&C Technologies by 1.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,470 shares of the technology company’s stock worth $1,158,000 after acquiring an additional 238 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on SSNC shares. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James raised their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.10 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $75.90 and a two-hundred day simple moving average of $73.15. SS&C Technologies Holdings, Inc. has a 12 month low of $59.18 and a 12 month high of $79.27. The firm has a market capitalization of $19.59 billion, a PE ratio of 28.35 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.