Headlands Technologies LLC Increases Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Headlands Technologies LLC boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 111.3% during the 4th quarter, Holdings Channel reports. The firm owned 20,651 shares of the technology company’s stock after acquiring an additional 10,876 shares during the quarter. Headlands Technologies LLC’s holdings in SS&C Technologies were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SSNC. Toronto Dominion Bank grew its holdings in shares of SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after buying an additional 6,721 shares during the last quarter. Truist Financial Corp grew its stake in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 8,598 shares during the last quarter. State Street Corp increased its holdings in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after purchasing an additional 322,781 shares during the period. Finally, ZWJ Investment Counsel Inc. increased its holdings in SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after buying an additional 11,077 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $83.00 on Wednesday. The stock has a market capitalization of $20.46 billion, a P/E ratio of 27.67 and a beta of 1.36. The company’s fifty day moving average price is $84.30 and its 200 day moving average price is $78.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73.

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 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%. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Insider Buying and Selling 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 that occurred 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 transaction, the director now directly owns 23,200 shares of the company’s stock, 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 through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $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. 15.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on SSNC shares. DA Davidson lifted 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. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James increased 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. UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $97.50.

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.