SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Increased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,730 shares of the technology company’s stock after purchasing an additional 383 shares during the period. Wilmington Savings Fund Society FSB’s holdings in SS&C Technologies were worth $2,404,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSNC. Kingsview Wealth Management LLC grew its position in SS&C Technologies by 32.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 170,247 shares of the technology company’s stock worth $12,901,000 after acquiring an additional 41,640 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in shares of SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after buying an additional 574 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of SS&C Technologies by 1.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 134,931 shares of the technology company’s stock worth $10,225,000 after acquiring an additional 2,474 shares in the last quarter. Choreo LLC lifted its holdings in SS&C Technologies by 253.6% in the 4th quarter. Choreo LLC now owns 23,145 shares of the technology company’s stock worth $1,751,000 after purchasing an additional 16,600 shares during the last quarter. Finally, Tectonic Advisors LLC grew its holdings in SS&C Technologies by 4.6% during the fourth quarter. Tectonic Advisors LLC now owns 7,390 shares of the technology company’s stock valued at $560,000 after purchasing an additional 326 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 6.0 %

Shares of SSNC opened at $86.71 on Monday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $87.50. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38. The company has a 50-day moving average price of $77.69 and a two-hundred day moving average price of $75.08. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 in the last three months. 15.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. 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. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada upped their target price 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. Finally, UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $88.25.

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.