Sovereign Investment Advisors LLC Invests $216,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sovereign Investment Advisors LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,847 shares of the technology company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in SSNC. Old West Investment Management LLC increased its holdings in shares of SS&C Technologies by 19.1% in the 3rd quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company’s stock worth $8,295,000 after buying an additional 17,893 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of SS&C Technologies by 109.4% in the 3rd quarter. GSA Capital Partners LLP now owns 8,697 shares of the technology company’s stock worth $645,000 after buying an additional 4,544 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SS&C Technologies by 9.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,197 shares of the technology company’s stock worth $38,975,000 after buying an additional 43,815 shares during the last quarter. KBC Group NV boosted its stake in shares of SS&C Technologies by 80.5% during the 3rd quarter. KBC Group NV now owns 166,895 shares of the technology company’s stock worth $12,386,000 after purchasing an additional 74,457 shares during the period. Finally, Metis Global Partners LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth about $210,000. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

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

SS&C Technologies Price Performance

SS&C Technologies stock opened at $81.41 on Friday. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 27.14 and a beta of 1.36. 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 Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The firm has a 50-day moving average of $82.94 and a two-hundred day moving average of $77.63.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. SS&C Technologies’s dividend payout ratio is presently 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.