Waverly Advisors LLC Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Waverly Advisors LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,056 shares of the technology company's stock, valued at approximately $383,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter worth $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after purchasing an additional 342 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new position in shares of SS&C Technologies during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.02 during trading on Friday, hitting $80.63. The company had a trading volume of 140,913 shares, compared to its average volume of 1,309,166. The stock has a fifty day simple moving average of $78.05 and a two-hundred day simple moving average of $79.32. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 26.87 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $1.28 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. SS&C Technologies's payout ratio is presently 31.06%.

Insider Buying and Selling

In other news, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The shares were bought 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 of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James reduced 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. Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. DA Davidson reduced their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. One 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. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $91.86.

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.