SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Boosted by Capital International Investors

Capital International Investors boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,148,398 shares of the technology company’s stock after purchasing an additional 75,106 shares during the period. Capital International Investors owned approximately 0.46% of SS&C Technologies worth $87,026,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after acquiring an additional 239,438 shares during the last quarter. Boston Partners lifted its stake in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after buying an additional 3,901,227 shares in the last quarter. Cantillon Capital Management LLC boosted its holdings in shares of SS&C Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after buying an additional 25,895 shares during the period. Norges Bank acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $205,475,000. Finally, Swedbank AB boosted its stake in SS&C Technologies by 17.5% in the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after purchasing an additional 261,275 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 0.3 %

SS&C Technologies stock opened at $76.33 on Friday. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 25.44 and a beta of 1.31. The company’s fifty day moving average price is $82.60 and its two-hundred day moving average price is $78.53. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. 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 posted its earnings results 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 return on equity of 18.30% and a net margin of 12.93%. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is 33.33%.

Analyst Ratings Changes

SSNC has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. DA Davidson lowered their price objective on shares of SS&C Technologies from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Royal Bank of Canada lifted 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. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $97.17.

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 that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

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.