True Wealth Design LLC Increases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

True Wealth Design LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 163.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the technology company’s stock after purchasing an additional 342 shares during the period. True Wealth Design LLC’s holdings in SS&C Technologies were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State of Wyoming lifted its holdings in shares of SS&C Technologies by 17.3% in the fourth quarter. State of Wyoming now owns 8,423 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,245 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of SS&C Technologies by 14.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,374 shares of the technology company’s stock valued at $559,000 after purchasing an additional 937 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $140,000. SGL Investment Advisors Inc. lifted its stake in shares of SS&C Technologies by 0.4% during the fourth quarter. SGL Investment Advisors Inc. now owns 58,936 shares of the technology company’s stock valued at $4,466,000 after buying an additional 230 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of SS&C Technologies by 173.2% during the fourth quarter. Royal Bank of Canada now owns 680,915 shares of the technology company’s stock valued at $51,600,000 after buying an additional 431,643 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Jonathan E. Michael acquired 2,700 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares of the company’s stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $570,411.52. The trade was a 91.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,500 shares of company stock valued at $9,348,130. Insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of several recent analyst reports. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. UBS Group upped their price objective 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. Raymond James reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.60 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average price of $78.40 and a 200 day moving average price of $78.91. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 26.53 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share. SS&C Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side 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.