SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,638 shares of the technology company's stock after purchasing an additional 42,619 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.13% of SS&C Technologies worth $24,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust boosted its position in SS&C Technologies by 76.1% during the fourth 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 purchased a new stake in SS&C Technologies in the 4th quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the 4th quarter worth $65,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DA Davidson reduced their target price on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James boosted their price objective 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. 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. Finally, UBS Group upped 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. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $97.17.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Up 1.2 %

Shares of NASDAQ SSNC traded up $0.90 on Wednesday, hitting $76.39. The company had a trading volume of 988,918 shares, compared to its average volume of 1,251,864. The firm has a market capitalization of $18.82 billion, a P/E ratio of 25.46 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The business has a 50 day moving average of $81.80 and a two-hundred day moving average of $78.52.

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 net margin of 12.93% and a return on equity of 18.30%. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. 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 1.31%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.