47,277 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,277 shares of the technology company’s stock, valued at approximately $3,583,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SSNC. Old West Investment Management LLC grew its stake in 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 worth $8,295,000 after purchasing an additional 17,893 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of SS&C Technologies by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,397 shares of the technology company’s stock worth $1,736,000 after acquiring an additional 624 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of SS&C Technologies by 11.1% in the 3rd quarter. Captrust Financial Advisors now owns 8,018 shares of the technology company’s stock valued at $595,000 after acquiring an additional 801 shares during the last quarter. Investment Management Corp of Ontario raised its position in shares of SS&C Technologies by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,375 shares of the technology company’s stock valued at $547,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in SS&C Technologies by 2.4% during the third quarter. Stifel Financial Corp now owns 176,443 shares of the technology company’s stock worth $13,094,000 after purchasing an additional 4,154 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SS&C Technologies has a consensus rating of “Buy” and an average price target of $97.50.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated 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. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $74.35 on Monday. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. The company has a market cap of $18.33 billion, a PE ratio of 24.78 and a beta of 1.36. The stock has a 50 day simple moving average of $84.27 and a 200-day simple moving average of $78.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly 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%. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

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.