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

Venturi Wealth Management LLC boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 312.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,839 shares of the technology company’s stock after buying an additional 2,150 shares during the quarter. Venturi Wealth Management LLC’s holdings in SS&C Technologies were worth $215,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SSNC. Blue Trust Inc. boosted its stake in shares of SS&C Technologies by 557.0% in the third quarter. Blue Trust Inc. now owns 1,971 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,671 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of SS&C Technologies in the third quarter valued at approximately $228,000. International Assets Investment Management LLC boosted its stake in shares of SS&C Technologies by 7,320.0% in the third quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock valued at $165,000 after purchasing an additional 2,196 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of SS&C Technologies in the third quarter valued at approximately $213,000. Finally, IFM Investors Pty Ltd boosted its stake in shares of SS&C Technologies by 3.4% in the third quarter. IFM Investors Pty Ltd now owns 48,851 shares of the technology company’s stock valued at $3,625,000 after purchasing an additional 1,605 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SSNC. UBS Group raised 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. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $97.50.

Insider Activity

In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 520,000 shares of company stock valued at $40,777,638 in the last ninety days. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Down 0.6 %

SSNC stock opened at $88.60 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.50. The company’s 50 day moving average is $80.04 and its two-hundred day moving average is $76.20. The stock has a market cap of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38.

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

SS&C Technologies Announces Dividend

The business 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 is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. SS&C Technologies’s payout ratio is currently 33.33%.

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.