Focus Partners Wealth Has $525,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Focus Partners Wealth raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 137.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,931 shares of the technology company’s stock after buying an additional 4,009 shares during the quarter. Focus Partners Wealth’s holdings in SS&C Technologies were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of SS&C Technologies by 1.2% during the 4th 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 period. Boston Partners grew its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after buying an additional 3,901,227 shares during the period. Cantillon Capital Management LLC grew its position in shares of SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after buying an additional 25,895 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company’s stock worth $239,353,000 after buying an additional 258,554 shares during the period. Finally, Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $205,475,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company’s stock.

SS&C Technologies Trading Up 0.4%

NASDAQ:SSNC opened at $80.39 on Wednesday. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. 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 business has a 50 day moving average price of $78.38 and a two-hundred day moving average price of $79.05. The company has a market cap of $19.83 billion, a P/E ratio of 26.80 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

SSNC has been the subject of several analyst reports. Needham & Company LLC decreased their target price on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Raymond James decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $91.86.

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.