Vanguard Group Inc. Has $1.53 Billion Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vanguard Group Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,215,026 shares of the technology company’s stock after acquiring an additional 239,438 shares during the period. Vanguard Group Inc. owned approximately 0.08% of SS&C Technologies worth $1,531,895,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new position in SS&C Technologies in the 4th quarter worth about $51,000. Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter worth about $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of a number of research reports. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Stock Performance

Shares of SSNC opened at $83.64 on Friday. The company has a market capitalization of $20.62 billion, a PE ratio of 27.88 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company’s fifty day moving average price is $84.08 and its 200 day moving average price is $78.15.

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

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. SS&C Technologies’s dividend payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s 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 sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate 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.