Prudential PLC Acquires Shares of 2,692 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Prudential PLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,692 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners raised its position in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after acquiring an additional 3,901,227 shares during the period. Norges Bank bought a new stake in shares of SS&C Technologies in the 4th quarter worth approximately $205,475,000. KBC Group NV lifted its stake in SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Raymond James Financial Inc. bought a new position in SS&C Technologies during the fourth quarter valued at $49,179,000. Finally, River Road Asset Management LLC increased its position in SS&C Technologies by 278.5% in the fourth quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock worth $35,338,000 after buying an additional 343,105 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. The trade was 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 company insiders.

SS&C Technologies Stock Down 1.8 %

Shares of NASDAQ:SSNC opened at $71.96 on Wednesday. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 23.99 and a beta of 1.31. 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 fifty day moving average price of $83.79 and a two-hundred day moving average price of $78.40. 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 (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 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%. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research reports. 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 note on Friday, February 7th. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. DA Davidson upped their price target 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 raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $97.50.

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.