Rivermont Capital Management LP Sells 50,047 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rivermont Capital Management LP trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,002 shares of the technology company's stock after selling 50,047 shares during the period. SS&C Technologies comprises 4.3% of Rivermont Capital Management LP's investment portfolio, making the stock its 15th biggest holding. Rivermont Capital Management LP owned approximately 0.06% of SS&C Technologies worth $11,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter worth approximately $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 worth $40,000 after buying 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 valued at $42,000 after buying an additional 390 shares during the last quarter. Financial Perspectives Inc acquired a new position in SS&C Technologies during the 4th quarter valued at about $51,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter worth $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies 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 transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost 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 in the company, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Stock Up 0.4%

NASDAQ:SSNC traded up $0.32 during trading hours on Tuesday, reaching $80.38. 648,544 shares of the stock were exchanged, compared to its average volume of 1,539,217. The stock has a market cap of $19.83 billion, a PE ratio of 26.79 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm has a 50 day moving average of $78.37 and a 200 day moving average of $79.04. 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, 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 the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $1.28 earnings per share. SS&C Technologies's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James reduced 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 report on Friday, April 25th. Needham & Company LLC cut their price target on 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 SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, DA Davidson cut their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $91.86.

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.