Wealthfront Advisers LLC Buys 171,284 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wealthfront Advisers LLC boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 850.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,429 shares of the technology company’s stock after acquiring an additional 171,284 shares during the quarter. Wealthfront Advisers LLC owned 0.08% of SS&C Technologies worth $14,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSNC. River Road Asset Management LLC grew its stake in SS&C Technologies by 278.5% during the fourth quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock worth $35,338,000 after buying an additional 343,105 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in SS&C Technologies by 1.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 40,043 shares of the technology company’s stock valued at $3,034,000 after purchasing an additional 742 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in SS&C Technologies by 158.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,766 shares of the technology company’s stock valued at $8,924,000 after purchasing an additional 72,157 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of SS&C Technologies by 1.4% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 200,786 shares of the technology company’s stock valued at $15,216,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in SS&C Technologies during the fourth quarter worth about $64,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Down 1.6 %

SSNC stock opened at $81.52 on Wednesday. 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 twelve month low of $59.63 and a twelve month high of $89.73. The company’s 50 day moving average is $82.52 and its two-hundred day moving average is $77.46. The stock has a market cap of $20.09 billion, a P/E ratio of 27.17 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 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%. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on SSNC. Raymond James boosted 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 report on Friday, February 7th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. 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. Finally, 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 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 stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of “Buy” and an average target price of $97.50.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 23,200 shares of the company’s stock, 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. 15.40% of the stock is owned by company insiders.

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.