Benjamin Edwards Inc. Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Benjamin Edwards Inc. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,217 shares of the technology company’s stock after buying an additional 7,441 shares during the period. Benjamin Edwards Inc.’s holdings in SS&C Technologies were worth $5,018,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust increased its stake in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after buying an additional 229 shares during the period. Financial Perspectives Inc acquired a new position in SS&C Technologies in the 4th quarter worth $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of SS&C Technologies during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

SSNC opened at $78.10 on Tuesday. 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 company’s 50-day moving average price is $79.71 and its 200 day moving average price is $78.59. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 26.03 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.28 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group raised 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 report on Monday, February 3rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 25th. DA Davidson cut their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $91.86.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,700 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now directly owns 72,776 shares of the company’s stock, valued at approximately $5,496,771.28. The trade was a 3.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the 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 completion of the transaction, the director now directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by 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.