Charles Schwab Investment Management Inc. Has $62.90 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Charles Schwab Investment Management Inc. grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 830,001 shares of the technology company's stock after acquiring an additional 34,989 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.34% of SS&C Technologies worth $62,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the fourth quarter valued at $39,000. Parkside Financial Bank & Trust increased its stake in SS&C Technologies by 76.1% in 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 during the last quarter. Financial Perspectives Inc acquired a new position in SS&C Technologies in the fourth quarter valued at $51,000. CENTRAL TRUST Co acquired a new position in SS&C Technologies in the fourth quarter valued at $65,000. Finally, Global X Japan Co. Ltd. increased its stake in SS&C Technologies by 193.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company's stock valued at $66,000 after purchasing an additional 574 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

SSNC traded up $1.45 during trading hours on Friday, hitting $81.41. The company's stock had a trading volume of 1,250,772 shares, compared to its average volume of 1,496,019. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $20.07 billion, a PE ratio of 27.14 and a beta of 1.36. The company has a 50-day simple moving average of $82.94 and a 200 day simple moving average of $77.63.

Remove Ads

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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, sell-side analysts expect 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. DA Davidson upped 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. Jefferies Financial Group upgraded 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 note on Monday, February 3rd. 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. Royal Bank of Canada upped 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. Finally, StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $97.50.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated 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 $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. 15.40% of the stock is currently owned by insiders.

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.