Legal Advantage Investments Inc. Has $2.60 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Legal Advantage Investments Inc. lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,300 shares of the technology company’s stock after selling 600 shares during the period. SS&C Technologies makes up about 1.4% of Legal Advantage Investments Inc.’s holdings, making the stock its 27th largest position. Legal Advantage Investments Inc.’s holdings in SS&C Technologies were worth $2,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its position in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after buying an additional 204 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $68,000. Versant Capital Management Inc boosted its position in shares of SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after buying an additional 233 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $89,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Down 0.8 %

Shares of NASDAQ SSNC opened at $78.50 on Tuesday. SS&C Technologies Holdings, Inc. has a 1 year low of $59.20 and a 1 year high of $79.59. The stock has a market cap of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. The firm has a 50-day moving average of $76.05 and a 200 day moving average of $73.52. 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 issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. SS&C Technologies’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Analyst Ratings Changes

Several research analysts recently issued reports on SSNC shares. DA Davidson reaffirmed a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James lifted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Buying and Selling at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies 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 sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies 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 completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.