EverSource Wealth Advisors LLC Purchases 717 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

EverSource Wealth Advisors LLC lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,241 shares of the technology company’s stock after purchasing an additional 717 shares during the period. EverSource Wealth Advisors LLC’s holdings in SS&C Technologies were worth $170,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock worth $2,385,000 after purchasing an additional 6,721 shares during the last quarter. Truist Financial Corp grew its holdings in shares of SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. State Street Corp grew its holdings in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares during the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after purchasing an additional 11,077 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in shares of SS&C Technologies in the fourth quarter worth about $5,578,000. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SSNC shares. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Raymond James increased their target price 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. 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 report on Monday, February 3rd. DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada increased their target price 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 analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Performance

SSNC stock opened at $81.41 on Monday. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 27.14 and a beta of 1.36. The firm has a 50-day simple moving average of $82.94 and a two-hundred day simple moving average of $77.65. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating 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%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,200 shares of the company’s stock, valued at $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. 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.