Wealth Alliance Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wealth Alliance purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,281 shares of the technology company’s stock, valued at approximately $200,000.

A number of other institutional investors have also bought and sold shares of the business. Advisor Group Holdings Inc. increased its stake in SS&C Technologies by 0.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 25,838 shares of the technology company’s stock worth $1,346,000 after buying an additional 162 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in SS&C Technologies by 2.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,583 shares of the technology company’s stock worth $395,000 after buying an additional 181 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in SS&C Technologies by 4.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock worth $261,000 after buying an additional 192 shares in the last quarter. AlphaMark Advisors LLC increased its stake in SS&C Technologies by 2.1% in the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock worth $565,000 after buying an additional 194 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in SS&C Technologies by 0.3% in the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock worth $3,750,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 0.6 %

SSNC opened at $60.82 on Friday. The firm has a market cap of $15.04 billion, a P/E ratio of 25.55 and a beta of 1.43. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $62.89 and a 200 day moving average of $58.82.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is currently 40.34%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSNC. DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. UBS Group raised their price objective on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.78.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.