Focus Partners Wealth Purchases 4,009 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Focus Partners Wealth boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 137.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,931 shares of the technology company's stock after acquiring an additional 4,009 shares during the quarter. Focus Partners Wealth's holdings in SS&C Technologies were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SSNC. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust grew its holdings in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares during the last quarter. Colonial Trust Co SC lifted its position in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc bought a new position in shares of SS&C Technologies in the 4th quarter valued at about $51,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $64,000. Institutional investors own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. DA Davidson lowered their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group lifted their price target 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $91.86.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director now directly owns 72,776 shares in the company, valued at approximately $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.

SS&C Technologies Trading Up 1.1%

Shares of NASDAQ:SSNC traded up $0.89 during mid-day trading on Friday, reaching $79.79. The stock had a trading volume of 1,135,292 shares, compared to its average volume of 1,315,040. The firm has a market cap of $19.68 billion, a PE ratio of 26.60 and a beta of 1.24. The firm has a 50 day simple moving average of $78.22 and a two-hundred day simple moving average of $79.15. 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 - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

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.