Anchor Capital Advisors LLC Has $40.92 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Anchor Capital Advisors LLC cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,993 shares of the technology company’s stock after selling 29,672 shares during the period. SS&C Technologies accounts for approximately 1.2% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Anchor Capital Advisors LLC’s holdings in SS&C Technologies were worth $40,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SSNC. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth $39,000. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the 4th quarter worth about $51,000. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies in the 4th quarter worth about $65,000. Global X Japan Co. Ltd. lifted its position in SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the 3rd quarter valued at about $68,000. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

SS&C Technologies Trading Down 0.2 %

NASDAQ SSNC opened at $88.14 on Friday. The business’s fifty day moving average is $81.11 and its 200-day moving average is $76.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 29.38 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.50.

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

SS&C Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 474,000 shares of company stock valued at $37,492,778 over the last ninety days. 15.40% of the stock is currently owned by insiders.

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.