SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 993.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,286 shares of the technology company’s stock after buying an additional 322,781 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.14% of SS&C Technologies worth $26,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $39,000. Parkside Financial Bank & Trust grew its position in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after buying an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies in the fourth quarter worth $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SSNC shares. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, DA Davidson lifted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $81.53 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The firm’s 50-day simple moving average is $82.63 and its 200 day simple moving average is $77.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $20.10 billion, a P/E ratio of 27.18 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date is 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.