Envestnet Portfolio Solutions Inc. Buys 3,925 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Portfolio Solutions Inc. lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,724 shares of the technology company’s stock after acquiring an additional 3,925 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SS&C Technologies were worth $661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. one8zero8 LLC purchased a new stake in SS&C Technologies in the 4th quarter valued at about $873,000. Natixis Advisors LLC increased its position in shares of SS&C Technologies by 12.9% during the 4th quarter. Natixis Advisors LLC now owns 674,738 shares of the technology company’s stock valued at $51,131,000 after purchasing an additional 76,850 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of SS&C Technologies by 40.9% during the 4th quarter. Brandes Investment Partners LP now owns 961,149 shares of the technology company’s stock valued at $72,836,000 after buying an additional 279,139 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of SS&C Technologies by 993.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after buying an additional 322,781 shares in the last quarter. Finally, PGGM Investments boosted its position in shares of SS&C Technologies by 1.9% in the fourth quarter. PGGM Investments now owns 55,235 shares of the technology company’s stock valued at $4,186,000 after acquiring an additional 1,040 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SSNC. UBS Group increased 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 note on Monday, February 3rd. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. DA Davidson upped 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. Royal Bank of Canada raised their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Raymond James upped their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $82.75 on Tuesday. The business’s 50-day moving average price is $83.76 and its 200-day moving average price is $78.00. The firm has a market capitalization of $20.40 billion, a PE ratio of 27.58 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. 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 (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the company’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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

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.