SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 40.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 961,149 shares of the technology company's stock after purchasing an additional 279,139 shares during the period. Brandes Investment Partners LP owned approximately 0.39% of SS&C Technologies worth $72,836,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSNC. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its stake in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares during the last quarter. Financial Perspectives Inc bought a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $51,000. Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $65,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Trading Up 1.3 %

SSNC traded up $1.10 during trading on Wednesday, hitting $82.85. 1,110,354 shares of the stock were exchanged, compared to its average volume of 1,159,398. The firm has a 50 day simple moving average of $83.20 and a 200 day simple moving average of $77.75. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 27.62 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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%. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. SS&C Technologies's dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SSNC shares. 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 research note on Monday, February 3rd. Royal Bank of Canada raised 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. DA Davidson raised their price target 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. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded 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. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $97.50.

Insider Activity

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 completion of the sale, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

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.