Captrust Financial Advisors Acquires 3,114 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Captrust Financial Advisors boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,132 shares of the technology company’s stock after purchasing an additional 3,114 shares during the period. Captrust Financial Advisors’ holdings in SS&C Technologies were worth $844,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock valued at $26,924,000 after acquiring an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after acquiring an additional 11,077 shares during the last quarter. Swedbank AB raised its stake in shares of SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after acquiring an additional 261,275 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of SS&C Technologies by 2,569.3% during the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company’s stock valued at $8,188,000 after acquiring an additional 104,006 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SS&C Technologies news, Director Jonathan E. Michael acquired 2,700 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,500 shares of company stock worth $9,348,130. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $79.60 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $78.40 and its 200 day moving average is $78.85. The stock has a market capitalization of $19.63 billion, a P/E ratio of 26.53 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SSNC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. DA Davidson lowered their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research note on Monday, April 28th. UBS Group upped 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. Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Raymond James reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Company 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.