Achmea Investment Management B.V. Has $15.14 Million Holdings 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% during the 4th quarter, Holdings Channel.com reports. The firm owned 199,838 shares of the technology company’s stock after purchasing an additional 66,667 shares during the period. Achmea Investment Management B.V.’s holdings in SS&C Technologies were worth $15,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SSNC. Old West Investment Management LLC grew its position in shares of SS&C Technologies by 19.1% in the third quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company’s stock valued at $8,295,000 after purchasing an additional 17,893 shares during the last quarter. Assetmark Inc. grew its position in shares of SS&C Technologies by 1.5% in the third quarter. Assetmark Inc. now owns 52,398 shares of the technology company’s stock valued at $3,888,000 after purchasing an additional 780 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of SS&C Technologies by 198.8% in the third quarter. Wolverine Asset Management LLC now owns 9,590 shares of the technology company’s stock valued at $712,000 after purchasing an additional 19,300 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of SS&C Technologies in the third quarter valued at approximately $2,146,000. Finally, GSA Capital Partners LLP grew its position in shares of SS&C Technologies by 109.4% in the third quarter. GSA Capital Partners LLP now owns 8,697 shares of the technology company’s stock valued at $645,000 after purchasing an additional 4,544 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research reports. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Up 0.0 %

NASDAQ SSNC opened at $81.53 on Thursday. The business has a fifty day moving average price of $82.63 and a two-hundred day moving average price of $77.51. 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 fifty-two week low of $59.63 and a fifty-two week high of $89.73. The stock has a market capitalization of $20.10 billion, a PE ratio of 27.18 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 earnings per share 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

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.