Wealth Alliance Acquires New Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wealth Alliance acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,281 shares of the technology company’s stock, valued at approximately $200,000.

Several other large investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its stake in SS&C Technologies by 0.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 25,838 shares of the technology company’s stock valued at $1,346,000 after buying an additional 162 shares during the period. The Manufacturers Life Insurance Company boosted its stake in SS&C Technologies by 2.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,583 shares of the technology company’s stock valued at $395,000 after buying an additional 181 shares during the period. SkyView Investment Advisors LLC raised its position in SS&C Technologies by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock valued at $261,000 after purchasing an additional 192 shares in the last quarter. AlphaMark Advisors LLC raised its position in SS&C Technologies by 2.1% during the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $565,000 after purchasing an additional 194 shares in the last quarter. Finally, Arizona State Retirement System raised its position in SS&C Technologies by 0.3% during the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock valued at $3,750,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SSNC. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. UBS Group raised their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Royal Bank of Canada raised their price target on SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC lifted their price objective on SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Two 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.78.

SS&C Technologies Stock Up 0.6 %

Shares of NASDAQ:SSNC opened at $60.82 on Friday. The stock’s 50-day moving average is $62.89 and its 200 day moving average is $58.82. The company has a market cap of $15.04 billion, a PE ratio of 25.55 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.