6 days Ago By ABMN Staff
Wellington Management Group LLP raised its holdings in SS&C Technologies Holdings, Inc. ( NASDAQ:SSNC – Free Report ) by 5.3% in the fourth quarter, Holdings Channel.
com reports. The fund owned 3,193 shares of the technology company’s stock after buying an additional 161 shares during the quarter. Wellington Management Group LLP’s holdings in SS&C Technologies were worth $242,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter worth about $39,000. Parkside Financial Bank & Trust increased its stake in SS&C Technologies by 76.
1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new position in SS&C Technologies during the fourth quarter worth $51,000.
Rialto Wealth Management LLC acquired a new stake in SS&C Technologies in the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $65,000. 96.
95% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of equities research analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.
00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James increased their price target on shares of SS&C Technologies from $85.
00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. StockNews.
com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.
00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, DA Davidson reduced their price objective on SS&C Technologies from $102.00 to $100.
00 and set a “buy” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the company currently has a consensus rating of “Buy” and an average target price of $97.17. Insider Activity at SS&C Technologies In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. The trade was a 91.
72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th.
The stock was sold at an average price of $88.39, for a total value of $2,032,970.00.
Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 15.40% of the stock is owned by insiders.
SS&C Technologies Stock Up 1.7 % SSNC stock opened at $77.38 on Tuesday.
SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.
73. The stock has a market capitalization of $19.07 billion, a P/E ratio of 25.
79 and a beta of 1.31. The company has a 50 day moving average price of $83.
34 and a two-hundred day moving average price of $78.49. The company has a debt-to-equity ratio of 1.
04, a quick ratio of 1.21 and a current ratio of 1.21.
SS&C Technologies ( NASDAQ:SSNC – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.
32 by $0.09. SS&C Technologies had a return on equity of 18.
30% and a net margin of 12.93%. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc.
will post 5.35 EPS for the current year. SS&C Technologies Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $1.00 annualized dividend and a dividend yield of 1.29%.
SS&C Technologies’s dividend payout ratio is presently 33.33%. About SS&C Technologies ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc.
( NASDAQ:SSNC – Free Report ). Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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