Cary Street Partners Financial LLC Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cary Street Partners Financial LLC bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,533 shares of the technology company’s stock, valued at approximately $343,000.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new stake in SS&C Technologies in the 4th quarter worth $51,000. Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies during the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the 4th quarter valued at about $65,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now owns 72,776 shares of the company’s stock, valued at $5,496,771.28. This represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James cut their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a report on Friday, April 25th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group boosted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Trading Down 0.1 %

Shares of SSNC opened at $77.61 on Friday. The company’s fifty day simple moving average is $78.87 and its 200-day simple moving average is $78.60. The company has a market cap of $19.14 billion, a P/E ratio of 25.87 and a beta of 1.24. 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 Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. SS&C Technologies’s payout ratio is 31.06%.

About SS&C Technologies

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.