Kovitz Investment Group Partners LLC Has $2.35 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kovitz Investment Group Partners LLC lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,025 shares of the technology company's stock after selling 3,872 shares during the period. Kovitz Investment Group Partners LLC's holdings in SS&C Technologies were worth $2,351,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $39,000. Parkside Financial Bank & Trust lifted its position 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 purchasing an additional 229 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. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on SSNC shares. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Raymond James dropped their price objective on 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. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of 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 investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Up 2.7 %

NASDAQ SSNC traded up $2.03 during trading hours on Friday, reaching $77.70. 2,275,776 shares of the company's stock were exchanged, compared to its average volume of 1,285,346. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 25.90 and a beta of 1.24. The company's 50-day moving average is $79.91 and its two-hundred day moving average is $78.57. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.51 billion during 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies's dividend 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.