Allworth Financial LP Has $151,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Allworth Financial LP boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 49.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,901 shares of the technology company’s stock after purchasing an additional 628 shares during the period. Allworth Financial LP’s holdings in SS&C Technologies were worth $151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. State Street Corp increased its holdings in SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. FMR LLC increased its holdings in SS&C Technologies by 1.5% during the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC increased its holdings in SS&C Technologies by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after purchasing an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its holdings in SS&C Technologies by 9.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock valued at $171,889,000 after purchasing an additional 198,111 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on SSNC. DA Davidson lifted their target price 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. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Raymond James lifted their target price 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. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, UBS Group lifted their target price 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. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,000 shares of company stock worth $40,777,638. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

SSNC stock opened at $88.60 on Monday. The business’s 50-day moving average price is $80.04 and its two-hundred day moving average price is $76.29. 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 $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping 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, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. 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 dividend payout ratio is presently 33.33%.

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.