SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,981 shares of the technology company’s stock after buying an additional 2,996 shares during the quarter. Schroder Investment Management Group’s holdings in SS&C Technologies were worth $10,380,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Old West Investment Management LLC lifted its position in shares of SS&C Technologies by 19.1% during the third quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company’s stock worth $8,295,000 after purchasing an additional 17,893 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in SS&C Technologies by 2.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,397 shares of the technology company’s stock worth $1,736,000 after buying an additional 624 shares in the last quarter. Townsquare Capital LLC purchased a new position in SS&C Technologies in the 3rd quarter valued at approximately $253,000. Captrust Financial Advisors grew its stake in shares of SS&C Technologies by 11.1% in the third quarter. Captrust Financial Advisors now owns 8,018 shares of the technology company’s stock worth $595,000 after acquiring an additional 801 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of SS&C Technologies during the third quarter worth $888,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction 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 the stock in a transaction dated 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 7.0 %

Shares of SS&C Technologies stock opened at $74.35 on Friday. The company has a fifty day simple moving average of $84.27 and a 200-day simple moving average of $78.45. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 24.78 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 (EPS) 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, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

Several research firms recently commented on SSNC. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. 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 research report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average 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.