SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2,569.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,054 shares of the technology company's stock after buying an additional 104,006 shares during the quarter. Empowered Funds LLC's holdings in SS&C Technologies were worth $8,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Toronto Dominion Bank increased its stake in shares of SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock worth $2,385,000 after purchasing an additional 6,721 shares in the last quarter. State Street Corp lifted its position in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after acquiring an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after acquiring an additional 11,077 shares in the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $5,578,000. Finally, Swedbank AB increased its position in shares of SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock worth $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $0.49 during mid-day trading on Thursday, reaching $88.58. The stock had a trading volume of 1,168,938 shares, compared to its average volume of 1,435,170. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day simple moving average of $78.57 and a 200 day simple moving average of $75.50. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $88.80.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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%. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 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, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. SS&C Technologies's dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 247,300 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 449,000 shares of company stock worth $34,461,478. Insiders own 15.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SSNC shares. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. UBS Group upped their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Raymond James raised their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 7th. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $89.50.

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.