Carret Asset Management LLC Has $537,000 Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Carret Asset Management LLC lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.5% during the fourth quarter, HoldingsChannel reports. The fund owned 7,091 shares of the technology company’s stock after selling 409 shares during the quarter. Carret Asset Management LLC’s holdings in SS&C Technologies were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSNC. Janus Henderson Group PLC raised its holdings in shares of SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. KBC Group NV raised its holdings in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SS&C Technologies in the 4th quarter worth about $49,179,000. Point72 Asset Management L.P. raised its holdings in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after acquiring an additional 424,487 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of SS&C Technologies by 278.5% in the 4th quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock worth $35,338,000 after acquiring an additional 343,105 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 1.8 %

SS&C Technologies stock opened at $81.41 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The firm has a 50 day moving average price of $82.84 and a 200-day moving average price of $77.55. The company has a market capitalization of $20.07 billion, a P/E ratio of 27.14 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 (NASDAQ:SSNC) last released its earnings results 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%. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of 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 upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC upped their price objective 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. Raymond James upped 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 research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $97.50.

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.