Denali Advisors LLC Acquires 4,000 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Denali Advisors LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 107.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,711 shares of the technology company’s stock after buying an additional 4,000 shares during the quarter. Denali Advisors LLC’s holdings in SS&C Technologies were worth $584,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SSNC. Skylands Capital LLC raised its position in shares of SS&C Technologies by 19.2% in the 4th quarter. Skylands Capital LLC now owns 84,225 shares of the technology company’s stock worth $6,383,000 after acquiring an additional 13,575 shares in the last quarter. IFP Advisors Inc grew its stake in SS&C Technologies by 9.7% in the fourth quarter. IFP Advisors Inc now owns 2,412 shares of the technology company’s stock valued at $183,000 after purchasing an additional 213 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in SS&C Technologies in the fourth quarter worth about $772,000. Fisher Funds Management LTD purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at about $3,544,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of SS&C Technologies by 20.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,297 shares of the technology company’s stock valued at $98,000 after buying an additional 222 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated 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 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. Insiders have sold 451,000 shares of company stock worth $35,459,808 over the last 90 days. 15.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. 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 increased their price target 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. Finally, DA Davidson boosted their price target on 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 investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $88.34 on Thursday. The business has a fifty day moving average of $80.83 and a 200 day moving average of $76.63. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $21.88 billion, a price-to-earnings ratio of 29.45 and a beta of 1.38.

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%. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

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

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.