EntryPoint Capital LLC Invests $432,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

EntryPoint Capital LLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,702 shares of the technology company’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at about $39,000. Parkside Financial Bank & Trust boosted 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 worth $40,000 after buying an additional 229 shares during the period. Financial Perspectives Inc bought a new stake in SS&C Technologies during the 4th quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the fourth quarter valued at $65,000. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SSNC. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded 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 report on Monday, February 3rd. Raymond James raised their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Stock Up 0.7 %

Shares of SS&C Technologies stock opened at $83.31 on Wednesday. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 27.77 and a beta of 1.36. The stock’s 50-day moving average is $83.88 and its 200 day moving average is $78.07. 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 Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business 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 of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on 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 owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were 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 of the company’s stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by company insiders.

About SS&C Technologies

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.