Rivermont Capital Management LP Sells 50,047 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rivermont Capital Management LP reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,002 shares of the technology company’s stock after selling 50,047 shares during the period. SS&C Technologies makes up about 4.3% of Rivermont Capital Management LP’s portfolio, making the stock its 15th biggest holding. Rivermont Capital Management LP owned approximately 0.06% of SS&C Technologies worth $11,367,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSNC. Pallas Capital Advisors LLC lifted its holdings in shares of SS&C Technologies by 51.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 7,476 shares of the technology company’s stock worth $567,000 after buying an additional 2,548 shares in the last quarter. Park Avenue Securities LLC increased its position in SS&C Technologies by 385.8% during the fourth quarter. Park Avenue Securities LLC now owns 19,382 shares of the technology company’s stock worth $1,469,000 after acquiring an additional 15,392 shares during the period. Meyer Handelman Co. raised its stake in SS&C Technologies by 13.0% in the 4th quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock worth $5,659,000 after purchasing an additional 8,588 shares in the last quarter. Burney Co. boosted its holdings in SS&C Technologies by 5.6% in the 4th quarter. Burney Co. now owns 197,059 shares of the technology company’s stock valued at $14,933,000 after purchasing an additional 10,374 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in shares of SS&C Technologies by 11.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 57,241 shares of the technology company’s stock worth $4,338,000 after purchasing an additional 5,744 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred 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 sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. The trade was a 91.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SSNC. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James cut their target price on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $91.86.

SS&C Technologies Stock Down 0.5%

NASDAQ SSNC opened at $79.26 on Thursday. The business has a fifty day moving average price of $78.50 and a two-hundred day moving average price of $78.72. The stock has a market capitalization of $19.55 billion, a PE ratio of 26.42 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. SS&C Technologies’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

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.