Envestnet Portfolio Solutions Inc. Has $661,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Portfolio Solutions Inc. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 81.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,724 shares of the technology company’s stock after purchasing an additional 3,925 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SS&C Technologies were worth $661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust lifted its stake in shares of SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares during the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies during the 4th quarter valued at $51,000. Rialto Wealth Management LLC bought a new stake in SS&C Technologies during the 4th quarter worth $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies in the fourth quarter valued at about $65,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

SSNC stock opened at $82.75 on Tuesday. The firm has a market cap of $20.40 billion, a PE ratio of 27.58 and a beta of 1.36. 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 stock has a 50-day moving average price of $83.76 and a 200-day moving average price of $78.00. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73.

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

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

SSNC has been the subject of several recent research reports. Raymond James upped their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note 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, February 10th. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, DA Davidson increased their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $97.50.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

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.