Ironwood Investment Counsel LLC Sells 125 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ironwood Investment Counsel LLC lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,202 shares of the technology company’s stock after selling 125 shares during the period. Ironwood Investment Counsel LLC’s holdings in SS&C Technologies were worth $318,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its position in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares during the last quarter. Financial Perspectives Inc acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of several recent research reports. Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Raymond James upped their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. Finally, DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Trading Up 1.8 %

Shares of SSNC opened at $81.41 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year 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 stock has a 50 day simple moving average of $82.84 and a 200-day simple moving average of $77.55. The stock has a market cap of $20.07 billion, a PE ratio of 27.14 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS 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%. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

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.