J.Safra Asset Management Corp Buys 2,090 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

J.Safra Asset Management Corp raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 210.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,084 shares of the technology company’s stock after acquiring an additional 2,090 shares during the quarter. J.Safra Asset Management Corp’s holdings in SS&C Technologies were worth $233,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its position in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after acquiring an additional 123 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after buying an additional 137 shares in the last quarter. Global Retirement Partners LLC boosted its position in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after buying an additional 149 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in SS&C Technologies by 5.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after buying an additional 164 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after buying an additional 171 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SS&C Technologies news, 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 value 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 approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 474,000 shares of company stock valued at $37,492,778 over the last quarter. Insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $86.29 on Wednesday. The firm has a market cap of $21.37 billion, a PE ratio of 28.76 and a beta of 1.38. The firm’s fifty day moving average is $81.63 and its 200-day moving average is $77.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results 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%. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSNC. UBS Group raised their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. DA Davidson raised their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and an average price target of $97.50.

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.