Venturi Wealth Management LLC Grows Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Venturi Wealth Management LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 312.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,839 shares of the technology company’s stock after purchasing an additional 2,150 shares during the quarter. Venturi Wealth Management LLC’s holdings in SS&C Technologies were worth $215,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Janus Henderson Group PLC raised its holdings in shares of SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. State Street Corp raised its holdings in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. FMR LLC raised its holdings in shares of SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SS&C Technologies by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after purchasing an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in shares of SS&C Technologies by 9.4% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock valued at $171,889,000 after purchasing an additional 198,111 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Down 0.6 %

SSNC stock opened at $88.60 on Friday. The firm’s fifty day simple moving average is $80.04 and its 200-day simple moving average is $76.20. The company has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSNC. Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group boosted 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 note on Monday, February 3rd. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson boosted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Raymond James boosted 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 note 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $97.50.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 520,000 shares of company stock valued at $40,777,638 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.

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.