Rialto Wealth Management LLC Acquires New Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 848 shares of the technology company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust raised its position in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc acquired a new position in SS&C Technologies during the fourth quarter worth $51,000. CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the fourth quarter worth $65,000. Finally, Global X Japan Co. Ltd. grew its stake in shares of SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of several research reports. 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 report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. DA Davidson raised their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, 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 report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Trading Up 1.5 %

NASDAQ SSNC opened at $85.86 on Monday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The firm has a 50 day moving average of $82.37 and a two-hundred day moving average of $77.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $21.16 billion, a PE ratio of 28.62 and a beta of 1.36.

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

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Insider Activity at SS&C Technologies

In related news, 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 value of $2,032,970.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,700 shares of company stock valued at $18,547,125 over the last three months. 15.40% of the stock is owned by corporate 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.