Laird Norton Wetherby Wealth Management LLC Cuts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Laird Norton Wetherby Wealth Management LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,951 shares of the technology company’s stock after selling 134 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in SS&C Technologies were worth $527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp grew its holdings in shares of SS&C Technologies by 82.0% during the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after buying an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after buying an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after buying an additional 11,077 shares during the period. Swedbank AB increased its stake in SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after purchasing an additional 261,275 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company’s stock valued at $8,188,000 after purchasing an additional 104,006 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares of the company’s stock, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,500 shares of company stock worth $9,348,130 in the last quarter. 16.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SSNC shares. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. DA Davidson lowered their price target on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a report on Monday, April 28th. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Needham & Company LLC decreased their price target on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus price target of $91.86.

SS&C Technologies Price Performance

Shares of SSNC opened at $79.51 on Friday. The stock’s fifty day moving average is $78.44 and its 200-day moving average is $78.79. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 26.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

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.