Parcion Private Wealth LLC Has $5.25 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Parcion Private Wealth LLC grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,265 shares of the technology company’s stock after acquiring an additional 515 shares during the quarter. Parcion Private Wealth LLC’s holdings in SS&C Technologies were worth $5,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSNC. SkyView Investment Advisors LLC boosted its holdings in SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after acquiring an additional 137 shares during the last quarter. Global Retirement Partners LLC raised its position in SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after buying an additional 149 shares during the last quarter. Foundations Investment Advisors LLC raised its position in SS&C Technologies by 5.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after buying an additional 171 shares during the last quarter. Janney Montgomery Scott LLC raised its position in SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after buying an additional 196 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in SS&C Technologies by 2.9% in the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after purchasing an additional 198 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Insider Activity

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SSNC shares. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Raymond James raised their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. DA Davidson raised their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $89.12 on Thursday. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 29.71 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 business has a 50-day moving average price of $79.56 and a 200-day moving average price of $75.97. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.25.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.12%. SS&C Technologies’s payout ratio is currently 33.33%.

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.