Empowered Funds LLC Purchases 104,006 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Empowered Funds LLC increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2,569.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,054 shares of the technology company’s stock after purchasing an additional 104,006 shares during the period. Empowered Funds LLC’s holdings in SS&C Technologies were worth $8,188,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the fourth quarter valued at $65,000. Global X Japan Co. Ltd. lifted its position in SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc raised its stake in shares of SS&C Technologies by 32.5% in the fourth 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. Finally, Brooklyn Investment Group bought a new position in shares of SS&C Technologies in the third quarter valued at approximately $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of analyst reports. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. UBS Group raised their price target 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. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James lifted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $88.25.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $86.71 on Monday. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38. The stock has a fifty day simple moving average of $77.69 and a two-hundred day simple moving average of $75.08. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $87.50.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is currently 33.33%.

Insider Buying and Selling

In other news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. Company insiders own 15.40% of the company’s stock.

SS&C Technologies 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.