Union Bancaire Privee UBP SA Invests $772,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Union Bancaire Privee UBP SA purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,137 shares of the technology company’s stock, valued at approximately $772,000.

A number of other large investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of SS&C Technologies in the 3rd quarter valued at $68,000. Versant Capital Management Inc lifted its holdings in SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares during the last quarter. Brooklyn Investment Group acquired a new position in SS&C Technologies in the third quarter valued at about $73,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in SS&C Technologies during the third quarter worth about $89,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of SS&C Technologies by 285.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock worth $140,000 after buying an additional 1,657 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSNC. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Raymond James increased their price objective 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $80.93 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $81.52. The stock has a market capitalization of $20.04 billion, a P/E ratio of 29.01 and a beta of 1.37. The business has a 50-day moving average price of $76.80 and a two-hundred day moving average price of $74.26.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.24%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

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.