Parcion Private Wealth LLC Raises Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Parcion Private Wealth LLC increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,265 shares of the technology company’s stock after buying an additional 515 shares during the quarter. Parcion Private Wealth LLC’s holdings in SS&C Technologies were worth $5,249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in shares of SS&C Technologies by 26.4% during the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after acquiring an additional 6,721 shares during the period. State Street Corp grew its stake in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after acquiring an additional 121,223 shares during the period. ZWJ Investment Counsel Inc. grew its stake in shares of SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after buying an additional 11,077 shares during the period. Benson Investment Management Company Inc. purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at $5,578,000. Finally, Swedbank AB grew its stake in shares of SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after buying an additional 261,275 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent research reports. UBS Group lifted their target price on shares of 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 upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “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 stock. According to MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus target price of $97.50.

Insider Buying and Selling

In related news, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’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 owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 520,000 shares of company stock valued at $40,777,638. 15.40% of the stock is owned by company insiders.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $89.12 on Thursday. The company has a 50-day moving average of $79.56 and a 200-day moving average of $75.97. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 29.71 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.25. 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 announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed 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 1.12%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s payout ratio is presently 33.33%.

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.