5,702 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,702 shares of the technology company’s stock, valued at approximately $432,000.

Several other institutional investors have also recently made changes to their positions in SSNC. Vanguard Group Inc. increased its holdings in SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after buying an additional 239,438 shares during the last quarter. LPL Financial LLC grew its position in shares of SS&C Technologies by 13.1% in the 4th quarter. LPL Financial LLC now owns 86,055 shares of the technology company’s stock valued at $6,521,000 after acquiring an additional 9,946 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $5,456,000. Hillsdale Investment Management Inc. raised its holdings in shares of SS&C Technologies by 3.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 11,430 shares of the technology company’s stock valued at $866,000 after purchasing an additional 400 shares during the period. Finally, American Century Companies Inc. lifted its stake in SS&C Technologies by 115.0% in the 4th quarter. American Century Companies Inc. now owns 43,094 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 23,049 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group upped their price objective 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. DA Davidson raised their target price 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. Finally, Needham & Company LLC upped their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $83.31 on Wednesday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day simple moving average is $83.88 and its 200 day simple moving average is $78.07. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 27.77 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction on 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 owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

About SS&C Technologies

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.