Coppell Advisory Solutions LLC Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Coppell Advisory Solutions LLC raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 240.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,526 shares of the technology company’s stock after purchasing an additional 1,078 shares during the period. Coppell Advisory Solutions LLC’s holdings in SS&C Technologies were worth $115,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SSNC. Steward Partners Investment Advisory LLC lifted its holdings in SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after purchasing an additional 123 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares during the last quarter. Global Retirement Partners LLC grew its stake in SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after acquiring an additional 149 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SS&C Technologies by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock worth $242,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Down 6.1 %

Shares of NASDAQ:SSNC opened at $72.69 on Friday. The business has a 50-day moving average price of $81.25 and a 200 day moving average price of $78.54. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 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. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 24.23 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed 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 1.38%. SS&C Technologies’s payout ratio is presently 33.33%.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SSNC shares. Needham & Company LLC cut their price target on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. DA Davidson lowered their price target on shares of SS&C Technologies from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. One investment analyst has 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 MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and an average target price of $92.71.

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.