Marks Group Wealth Management Inc Sells 3,627 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Marks Group Wealth Management Inc lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,837 shares of the technology company’s stock after selling 3,627 shares during the period. Marks Group Wealth Management Inc’s holdings in SS&C Technologies were worth $8,399,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the 4th quarter worth $65,000. Global X Japan Co. Ltd. increased its stake in SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in SS&C Technologies during the third quarter valued at about $68,000. Versant Capital Management Inc raised its position in SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in SS&C Technologies during the third quarter worth about $73,000. Institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the company’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 sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 over the last quarter. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.7 %

Shares of NASDAQ SSNC opened at $86.71 on Wednesday. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38. 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 firm’s fifty day moving average is $78.10 and its 200 day moving average is $75.32. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $87.54.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (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%. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is 33.33%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SSNC shares. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. 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 report on Friday, February 7th. Finally, DA Davidson lifted 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 report on Monday. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of “Buy” and an average target price of $89.50.

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.