Rialto Wealth Management LLC Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rialto Wealth Management LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 848 shares of the technology company’s stock, valued at approximately $64,000.

Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the period. State Street Corp boosted its holdings in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares during the last quarter. Cantillon Capital Management LLC grew its position in SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after purchasing an additional 25,895 shares during the period. FMR LLC raised its stake in shares of SS&C Technologies by 1.5% during the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after buying an additional 58,389 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of SS&C Technologies by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after buying an additional 64,299 shares during the period. 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 stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 226,700 shares of company stock valued at $18,547,125. 15.40% of the stock is owned by insiders.

SS&C Technologies Stock Performance

SSNC opened at $85.86 on Monday. The firm’s fifty day simple moving average is $82.37 and its two-hundred day simple moving average is $77.39. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 28.62 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Analysts Set New Price Targets

Several analysts recently commented on the company. DA Davidson raised their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. UBS Group boosted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Needham & Company LLC upped their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $97.50.

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.