Allworth Financial LP Purchases 628 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Allworth Financial LP raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 49.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,901 shares of the technology company’s stock after acquiring an additional 628 shares during the period. Allworth Financial LP’s holdings in SS&C Technologies were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SSNC. CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $65,000. Global X Japan Co. Ltd. boosted its stake in shares of SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after buying an additional 574 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of SS&C Technologies in the third quarter valued at approximately $68,000. Versant Capital Management Inc boosted its stake in shares of SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after buying an additional 233 shares during the period. Finally, Brooklyn Investment Group bought a new stake in SS&C Technologies during the third quarter worth $73,000. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 520,000 shares of company stock valued at $40,777,638 in the last three months. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.6 %

Shares of NASDAQ:SSNC opened at $88.60 on Monday. The firm has a market cap of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.50. The business has a fifty day simple moving average of $80.04 and a 200 day simple moving average of $76.29.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

SSNC has been the subject of several recent analyst reports. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $97.50.

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.