Valley Wealth Managers Inc. Sells 5,994 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Valley Wealth Managers Inc. lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,366 shares of the technology company’s stock after selling 5,994 shares during the quarter. Valley Wealth Managers Inc. owned approximately 0.10% of SS&C Technologies worth $18,215,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the 4th quarter worth about $39,000. CENTRAL TRUST Co bought a new stake in SS&C Technologies during the 4th quarter worth about $65,000. Global X Japan Co. Ltd. grew its holdings in SS&C Technologies by 193.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after acquiring an additional 574 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies in the 3rd quarter valued at about $68,000. Finally, Versant Capital Management Inc boosted its stake in shares of SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.1 %

SS&C Technologies stock opened at $88.66 on Tuesday. The company’s 50 day simple moving average is $79.08 and its 200 day simple moving average is $75.75. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.25. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released 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 net margin of 12.93% and a return on equity of 18.30%. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

Insiders Place Their Bets

In other SS&C Technologies 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 transaction of $18,945,653.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’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 owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,000 shares of company stock worth $34,461,478. Company insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SSNC shares. Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. UBS Group raised their target price 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 raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.