Achmea Investment Management B.V. Has $15.14 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Achmea Investment Management B.V. grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 50.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 199,838 shares of the technology company’s stock after buying an additional 66,667 shares during the period. Achmea Investment Management B.V. owned 0.08% of SS&C Technologies worth $15,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after purchasing an additional 123 shares during the period. SkyView Investment Advisors LLC lifted its holdings in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after acquiring an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock worth $88,000 after acquiring an additional 158 shares in the last quarter. Finally, Legacy Capital Group California Inc. lifted its holdings in SS&C Technologies by 5.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after acquiring an additional 164 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James lifted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” 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 report on Monday, February 10th. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five equities research 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 has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $81.53 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 27.18 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. The stock’s 50-day moving average is $82.63 and its 200-day moving average is $77.51.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results 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%. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.23%. SS&C Technologies’s payout ratio is presently 33.33%.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % 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 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.