Summit Trail Advisors LLC Has $672,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Summit Trail Advisors LLC raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,870 shares of the technology company’s stock after buying an additional 1,396 shares during the quarter. Summit Trail Advisors LLC’s holdings in SS&C Technologies were worth $672,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SSNC. Savant Capital LLC lifted its stake in shares of SS&C Technologies by 2.3% in the fourth quarter. Savant Capital LLC now owns 31,822 shares of the technology company’s stock valued at $2,411,000 after buying an additional 707 shares during the period. Kestra Private Wealth Services LLC raised its holdings in SS&C Technologies by 43.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 12,352 shares of the technology company’s stock valued at $936,000 after acquiring an additional 3,738 shares in the last quarter. Empowered Funds LLC lifted its position in shares of SS&C Technologies by 2,569.3% in the 4th quarter. Empowered Funds LLC now owns 108,054 shares of the technology company’s stock worth $8,188,000 after acquiring an additional 104,006 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of SS&C Technologies by 1.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,730 shares of the technology company’s stock worth $2,404,000 after purchasing an additional 383 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of SS&C Technologies by 32.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 170,247 shares of the technology company’s stock valued at $12,901,000 after purchasing an additional 41,640 shares during the period. 96.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SSNC shares. Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, UBS Group upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and an average target price of $89.50.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $86.71 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $87.54. The company has a 50 day moving average of $78.10 and a 200-day moving average of $75.32. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.15%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 in the last 90 days. 15.40% of the stock is currently owned by insiders.

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.