Bryn Mawr Capital Management LLC Decreases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bryn Mawr Capital Management LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,441 shares of the technology company’s stock after selling 120,922 shares during the period. Bryn Mawr Capital Management LLC’s holdings in SS&C Technologies were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at about $51,000. Global Retirement Partners LLC grew its stake in SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the 4th quarter worth approximately $39,000. Peregrine Capital Management LLC raised its position in shares of SS&C Technologies by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 243,327 shares of the technology company’s stock valued at $18,439,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $200,000. 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 analyst reports. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson increased 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. UBS Group increased 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. Needham & Company LLC increased 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, Royal Bank of Canada increased 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. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Stock Performance

Shares of SSNC opened at $88.60 on Friday. The business’s fifty day moving average price is $80.04 and its 200 day moving average price is $76.20. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.50. The stock has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick 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 earnings per share (EPS) 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%. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was 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 directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 520,000 shares of company stock valued at $40,777,638 over the last three months. Company 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.