MGO One Seven LLC Increases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

MGO One Seven LLC increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 218.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,616 shares of the technology company's stock after purchasing an additional 7,967 shares during the period. MGO One Seven LLC's holdings in SS&C Technologies were worth $880,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust raised its stake in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the period. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the 4th quarter worth about $65,000. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SSNC. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Needham & Company LLC dropped 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 note on Friday, April 25th. Royal Bank of Canada boosted 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. Finally, Raymond James decreased their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $91.86.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the firm's 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 $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % 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.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $1.50 during trading hours on Friday, hitting $77.17. The stock had a trading volume of 1,075,722 shares, compared to its average volume of 1,276,792. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 25.73 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 company has a 50 day simple moving average of $80.13 and a two-hundred day simple moving average of $78.54. 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 released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 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.