Legacy Capital Group California Inc. Grows Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Legacy Capital Group California Inc. grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,003 shares of the technology company’s stock after acquiring an additional 164 shares during the quarter. Legacy Capital Group California Inc.’s holdings in SS&C Technologies were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in SS&C Technologies during the fourth quarter worth about $39,000. Financial Perspectives Inc bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $51,000. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $65,000. Global X Japan Co. Ltd. boosted its stake in shares of SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after buying an additional 574 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies in the third quarter valued at approximately $68,000. Institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report 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 stock an “outperform” rating in a research note on Friday, February 7th. UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC lifted their price objective 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, Raymond James boosted their target price on shares of 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. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $88.60 on Friday. 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 company 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 52 week low of $59.63 and a 52 week high of $89.50. The firm’s 50-day simple moving average is $80.04 and its two-hundred day simple moving average is $76.20.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results 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 net margin of 12.93% and a return on equity of 18.30%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

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

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is owned by company insiders.

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.