Hudson Way Capital Management LLC Has $77.88 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Hudson Way Capital Management LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,027,741 shares of the technology company’s stock after acquiring an additional 199,472 shares during the period. SS&C Technologies makes up 8.8% of Hudson Way Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Hudson Way Capital Management LLC’s holdings in SS&C Technologies were worth $77,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust lifted its stake in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after buying an additional 229 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after buying an additional 390 shares during the last quarter. Financial Perspectives Inc bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $51,000. Finally, Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth approximately $64,000. 96.95% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was bought 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 approximately $5,496,771.28. This represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Performance

SSNC opened at $77.61 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 25.87 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $78.87 and its 200 day moving average is $78.62.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. 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 previous year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. SS&C Technologies’s payout ratio is currently 31.06%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. 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 report on Friday, April 25th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, DA Davidson cut their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $91.86.

SS&C Technologies Company 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.