SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,223 shares of the technology company’s stock after selling 5,017 shares during the quarter. Corient Private Wealth LLC’s holdings in SS&C Technologies were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of SS&C Technologies by 81.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,724 shares of the technology company’s stock valued at $661,000 after purchasing an additional 3,925 shares in the last quarter. one8zero8 LLC acquired a new position in SS&C Technologies during the fourth quarter valued at approximately $873,000. Natixis Advisors LLC grew its stake in SS&C Technologies by 12.9% during the fourth quarter. Natixis Advisors LLC now owns 674,738 shares of the technology company’s stock worth $51,131,000 after buying an additional 76,850 shares during the period. Brandes Investment Partners LP increased its position in shares of SS&C Technologies by 40.9% in the fourth quarter. Brandes Investment Partners LP now owns 961,149 shares of the technology company’s stock worth $72,836,000 after acquiring an additional 279,139 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock valued at $26,924,000 after acquiring an additional 322,781 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

SSNC stock opened at $83.64 on Friday. The stock’s 50 day moving average is $84.08 and its two-hundred day moving average is $78.15. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73. The company has a market capitalization of $20.62 billion, a PE ratio of 27.88 and a beta of 1.36. 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 (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 transaction, the director now directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SSNC shares. Jefferies Financial Group raised 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 research report on Monday, February 3rd. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies 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.