Handelsbanken Fonder AB Grows Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Handelsbanken Fonder AB grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,345 shares of the technology company’s stock after buying an additional 15,247 shares during the period. Handelsbanken Fonder AB’s holdings in SS&C Technologies were worth $5,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SkyView Investment Advisors LLC grew its stake in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares in the last quarter. Global Retirement Partners LLC grew its stake in SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after buying an additional 149 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in SS&C Technologies by 5.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after buying an additional 171 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 196 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of SS&C Technologies by 10.3% in the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company’s stock valued at $168,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $88.60 on Monday. The firm’s 50-day moving average price is $80.04 and its 200-day moving average price is $76.29. 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 company has a market cap of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SSNC shares. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price objective 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. Raymond James upped their price objective on shares of 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. Finally, DA Davidson upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % 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 firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 520,000 shares of company stock worth $40,777,638. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Company 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.