Dimensional Fund Advisors LP Purchases 258,554 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dimensional Fund Advisors LP lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,158,478 shares of the technology company's stock after acquiring an additional 258,554 shares during the period. Dimensional Fund Advisors LP owned about 1.28% of SS&C Technologies worth $239,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners raised its stake in shares of SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Norges Bank acquired a new position in SS&C Technologies during the 4th quarter valued at about $205,475,000. KBC Group NV raised its position in shares of SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after buying an additional 672,641 shares in the last quarter. Raymond James Financial Inc. bought a new position in SS&C Technologies during the 4th quarter valued at $49,179,000. Finally, Russell Investments Group Ltd. boosted its stake in SS&C Technologies by 94.4% during the fourth quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company's stock valued at $54,589,000 after buying an additional 349,820 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 sale, the director now 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SSNC. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, DA Davidson reduced their price target on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $97.17.

SS&C Technologies Stock Performance

SSNC stock traded up $1.06 during trading on Thursday, reaching $77.43. 1,688,677 shares of the stock were exchanged, compared to its average volume of 1,254,621. The stock has a 50 day simple moving average of $81.57 and a 200-day simple moving average of $78.55. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The company has a market capitalization of $19.08 billion, a P/E ratio of 25.81 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.11). SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

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.