TD Private Client Wealth LLC Increases Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

TD Private Client Wealth LLC increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,824 shares of the technology company’s stock after acquiring an additional 3,229 shares during the quarter. TD Private Client Wealth LLC’s holdings in SS&C Technologies were worth $1,805,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in SS&C Technologies in the 4th quarter worth about $39,000. Parkside Financial Bank & Trust grew its holdings in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies during the 4th quarter valued at about $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co purchased a new position in SS&C Technologies during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.0 %

Shares of NASDAQ SSNC opened at $82.35 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 27.45 and a beta of 1.36. The business has a 50-day moving average of $83.61 and a 200-day moving average of $77.90.

SS&C Technologies (NASDAQ:SSNC) last released 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 return on equity of 18.30% and a net margin of 12.93%. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. SS&C Technologies’s payout ratio is 33.33%.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now 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. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SSNC shares. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average 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.