one8zero8 LLC Invests $873,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

one8zero8 LLC acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,520 shares of the technology company’s stock, valued at approximately $873,000.

Several other large investors also recently bought and sold shares of SSNC. Old West Investment Management LLC increased its holdings in SS&C Technologies by 19.1% in the 3rd quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company’s stock worth $8,295,000 after buying an additional 17,893 shares in the last quarter. GSA Capital Partners LLP increased its holdings in SS&C Technologies by 109.4% in the 3rd quarter. GSA Capital Partners LLP now owns 8,697 shares of the technology company’s stock worth $645,000 after buying an additional 4,544 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in SS&C Technologies by 9.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,197 shares of the technology company’s stock worth $38,975,000 after buying an additional 43,815 shares in the last quarter. KBC Group NV grew its stake in shares of SS&C Technologies by 80.5% during the 3rd quarter. KBC Group NV now owns 166,895 shares of the technology company’s stock valued at $12,386,000 after purchasing an additional 74,457 shares during the period. Finally, Metis Global Partners LLC bought a new stake in shares of SS&C Technologies during the 3rd quarter valued at about $210,000. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Needham & Company LLC boosted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, UBS Group boosted their price target 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. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and an average price target of $97.50.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

SS&C Technologies Trading Up 1.8 %

Shares of NASDAQ:SSNC opened at $81.41 on Friday. The stock has a 50 day moving average of $82.94 and a 200 day moving average of $77.63. The company has a market cap of $20.07 billion, a PE ratio of 27.14 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities research 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. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. SS&C Technologies’s dividend payout ratio 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.