Triavera Capital LLC Purchases Shares of 109,375 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Triavera Capital LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 109,375 shares of the technology company's stock, valued at approximately $8,288,000. SS&C Technologies makes up about 4.5% of Triavera Capital LLC's portfolio, making the stock its 13th biggest position.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in SS&C Technologies during the 4th quarter valued at $39,000. Parkside Financial Bank & Trust grew its stake 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 valued at $40,000 after acquiring an additional 229 shares in the last quarter. Colonial Trust Co SC grew its stake 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 acquiring an additional 390 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the period. Finally, Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated 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 directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director now directly owns 72,776 shares of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SSNC. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Raymond James dropped their price target 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. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, DA Davidson cut their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Up 0.7%

NASDAQ:SSNC traded up $0.58 during trading hours on Friday, reaching $79.48. The company's stock had a trading volume of 325,391 shares, compared to its average volume of 1,311,562. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 26.49 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The business's 50-day moving average is $78.25 and its 200-day moving average is $79.10.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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 return on equity of 18.30% and a net margin of 12.93%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The firm's revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

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.