Proficio Capital Partners LLC Acquires New Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Proficio Capital Partners LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,739 shares of the technology company's stock, valued at approximately $7,634,000.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after buying an additional 817,501 shares during the last quarter. KBC Group NV grew its holdings in SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after acquiring an additional 672,641 shares during the period. Point72 Asset Management L.P. raised its position in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock valued at $44,058,000 after acquiring an additional 424,487 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company's stock valued at $30,827,000 after acquiring an additional 337,600 shares during the period. Finally, Victory Capital Management Inc. boosted its position in SS&C Technologies by 24.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,454,937 shares of the technology company's stock worth $110,255,000 after purchasing an additional 286,643 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions 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 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 directly owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSNC. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. DA Davidson upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $97.50.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.51 during midday trading on Thursday, reaching $82.34. The company had a trading volume of 481,984 shares, compared to its average volume of 1,159,081. 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 12-month low of $59.63 and a 12-month high of $89.73. The company has a market capitalization of $20.30 billion, a P/E ratio of 27.43 and a beta of 1.36. The firm's fifty day simple moving average is $83.33 and its 200-day simple moving average is $77.79.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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 analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 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.