Hancock Whitney Corp Acquires New Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Hancock Whitney Corp purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,438 shares of the technology company's stock, valued at approximately $336,000.

Several other large investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its position in shares of SS&C Technologies by 76.1% during the 4th 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 during the period. Financial Perspectives Inc acquired a new stake in SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC bought a new position in SS&C Technologies in the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the 4th quarter valued at $65,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on 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 sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SSNC shares. StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 25th. Raymond James reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, DA Davidson cut their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Performance

Shares of SSNC stock traded up $1.62 during trading on Friday, hitting $77.29. The company's stock had a trading volume of 1,181,650 shares, compared to its average volume of 1,277,291. The business has a fifty day moving average of $80.13 and a 200-day moving average of $78.54. The company has a market cap of $19.04 billion, a PE ratio of 25.74 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. 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 payout ratio is currently 31.06%.

SS&C Technologies Company 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.