Triavera Capital LLC Makes New $8.29 Million Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Triavera Capital LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,375 shares of the technology company’s stock, valued at approximately $8,288,000. SS&C Technologies accounts for about 4.5% of Triavera Capital LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock worth $42,000 after purchasing an additional 342 shares during the period. State of Wyoming lifted its position in SS&C Technologies by 17.3% in the fourth quarter. State of Wyoming now owns 8,423 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,245 shares during the period. Snowden Capital Advisors LLC lifted its position in SS&C Technologies by 14.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,374 shares of the technology company’s stock worth $559,000 after purchasing an additional 937 shares during the period. Siemens Fonds Invest GmbH acquired a new stake in SS&C Technologies in the fourth quarter worth approximately $140,000. Finally, SGL Investment Advisors Inc. lifted its position in SS&C Technologies by 0.4% in the fourth quarter. SGL Investment Advisors Inc. now owns 58,936 shares of the technology company’s stock worth $4,466,000 after purchasing an additional 230 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Raymond James cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. DA Davidson cut their price objective on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Jefferies Financial Group upgraded 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 report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.86.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’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 completion of the transaction, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,500 shares of company stock valued at $9,348,130 in the last three months. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $79.60 on Friday. The company’s fifty day moving average is $78.40 and its two-hundred day moving average is $78.91. 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 12-month low of $60.01 and a 12-month high of $89.73. The company has a market cap of $19.63 billion, a P/E ratio of 26.53 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.28 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

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.