Boston Partners Buys 3,901,227 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Boston Partners raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 283.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,279,386 shares of the technology company's stock after purchasing an additional 3,901,227 shares during the period. Boston Partners owned 2.13% of SS&C Technologies worth $400,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in SS&C Technologies by 26.4% during the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock valued at $2,385,000 after purchasing an additional 6,721 shares during the last quarter. Truist Financial Corp raised its position in shares of SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after acquiring an additional 8,598 shares in the last quarter. State Street Corp raised its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after acquiring an additional 322,781 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in shares of SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after acquiring an additional 11,077 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on SSNC shares. DA Davidson increased their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price 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. Needham & Company LLC increased their target price 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. Finally, UBS Group increased their target price 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, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $97.50.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % 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 Up 0.0 %

SSNC stock traded up $0.01 on Friday, reaching $82.35. 3,080,527 shares of the company traded hands, compared to its average volume of 1,170,417. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $20.30 billion, a P/E ratio of 27.45 and a beta of 1.36. The firm has a fifty day simple moving average of $83.61 and a 200-day simple moving average of $77.87.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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%. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

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