Wealth Enhancement Advisory Services LLC Acquires 12,717 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wealth Enhancement Advisory Services LLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 102.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,070 shares of the technology company's stock after buying an additional 12,717 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in SS&C Technologies were worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SSNC. Kestra Investment Management LLC bought a new position in SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust increased its stake in shares of SS&C Technologies by 76.1% in 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 increased its stake in shares of SS&C Technologies by 239.3% in 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 stake 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 acquiring an additional 342 shares in the last quarter. Finally, Financial Perspectives Inc bought a new stake in shares of SS&C Technologies in the 4th quarter valued at $51,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSNC has been the subject of several research reports. DA Davidson reduced 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Raymond James cut 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 report on Friday, April 25th. Needham & Company LLC lowered their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $91.86.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director now owns 12,476 shares of the company's stock, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares of the company's stock, valued at $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. 16.40% of the stock is owned by insiders.

SS&C Technologies Price Performance

Shares of SSNC traded up $0.42 during midday trading on Friday, hitting $80.64. 1,167,298 shares of the company traded hands, compared to its average volume of 1,315,326. The stock has a 50-day moving average of $77.68 and a 200-day moving average of $79.58. SS&C Technologies Holdings, Inc. has a one year low of $60.18 and a one year high of $89.73. The firm has a market cap of $19.89 billion, a P/E ratio of 26.88 and a beta of 1.24. 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 (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating 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 firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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