Murphy & Mullick Capital Management Corp Acquires Shares of 1,198 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Murphy & Mullick Capital Management Corp bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,198 shares of the technology company’s stock, valued at approximately $91,000.

Several other large investors also recently modified their holdings of the stock. Old West Investment Management LLC grew its stake in SS&C Technologies by 19.1% during the third quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company’s stock worth $8,295,000 after buying an additional 17,893 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of SS&C Technologies by 20.1% during the 3rd quarter. Intech Investment Management LLC now owns 9,195 shares of the technology company’s stock worth $682,000 after acquiring an additional 1,539 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SS&C Technologies by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company’s stock valued at $58,998,000 after acquiring an additional 3,881 shares during the last quarter. Cerity Partners LLC raised its position in SS&C Technologies by 148.3% during the third quarter. Cerity Partners LLC now owns 63,973 shares of the technology company’s stock valued at $4,747,000 after purchasing an additional 38,211 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in SS&C Technologies by 5.1% during the third quarter. Summit Trail Advisors LLC now owns 7,474 shares of the technology company’s stock worth $555,000 after purchasing an additional 362 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. DA Davidson boosted their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Raymond James boosted 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 note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $97.50.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $83.83 on Thursday. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 27.94 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The company’s fifty day moving average is $83.99 and its 200 day moving average is $78.11.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

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.