Curated Wealth Partners LLC Raises Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Curated Wealth Partners LLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,442 shares of the technology company’s stock after buying an additional 695 shares during the period. Curated Wealth Partners LLC’s holdings in SS&C Technologies were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the third quarter worth about $68,000. Versant Capital Management Inc boosted its holdings in shares of SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after purchasing an additional 233 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of SS&C Technologies in the third quarter valued at approximately $73,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $89,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in SS&C Technologies by 285.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock worth $140,000 after buying an additional 1,657 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.5 %

Shares of NASDAQ SSNC opened at $79.98 on Friday. SS&C Technologies Holdings, Inc. has a 52-week low of $59.53 and a 52-week high of $80.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $76.51 and its two-hundred day moving average is $73.86. The firm has a market cap of $19.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 in the last ninety days. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SSNC shares. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson restated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

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.