Canada Pension Plan Investment Board Acquires 14,900 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Canada Pension Plan Investment Board lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 338.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,300 shares of the technology company's stock after purchasing an additional 14,900 shares during the quarter. Canada Pension Plan Investment Board's holdings in SS&C Technologies were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust raised 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 valued at $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies during the fourth quarter worth $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on SSNC shares. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday. Raymond James decreased their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday. Finally, Needham & Company LLC dropped their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned 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 $92.71.

SS&C Technologies Trading Down 6.1 %

Shares of SSNC stock traded down $4.74 on Friday, hitting $72.69. The company had a trading volume of 4,652,949 shares, compared to its average volume of 1,267,025. The stock's 50-day moving average is $81.25 and its two-hundred day moving average is $78.57. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm has a market cap of $17.91 billion, a P/E ratio of 24.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

SS&C Technologies Company 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.