Legacy Capital Group California Inc. Acquires 164 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Legacy Capital Group California Inc. lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,003 shares of the technology company’s stock after acquiring an additional 164 shares during the quarter. Legacy Capital Group California Inc.’s holdings in SS&C Technologies were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SSNC. Kestra Investment Management LLC bought a new stake in SS&C Technologies in the fourth quarter worth $39,000. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies in the fourth quarter worth about $51,000. CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies in the 4th quarter valued at about $65,000. Global X Japan Co. Ltd. lifted its stake in shares of SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in SS&C Technologies during the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Down 0.6 %

Shares of NASDAQ SSNC opened at $88.60 on Friday. The firm has a fifty day simple moving average of $80.04 and a two-hundred day simple moving average of $76.20. The firm has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last issued 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 analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies’s payout ratio is 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SSNC. DA Davidson lifted their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Raymond James raised their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. UBS Group upped their price objective 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, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $97.50.

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.