SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,724 shares of the technology company's stock after purchasing an additional 3,925 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in SS&C Technologies were worth $661,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. State Street Corp lifted its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after buying an additional 121,223 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in shares of SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after buying an additional 25,895 shares in the last quarter. FMR LLC grew its position in shares of SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock valued at $295,657,000 after buying an additional 58,389 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in SS&C Technologies by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock worth $268,075,000 after acquiring an additional 64,299 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

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Wall Street Analyst Weigh In

SSNC has been the topic of several research reports. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, DA Davidson raised their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $97.50.

Insider Activity

In other SS&C Technologies news, 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 completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Down 0.2 %

NASDAQ SSNC traded down $0.19 during trading hours on Thursday, hitting $83.64. The company had a trading volume of 902,436 shares, compared to its average volume of 1,166,888. The firm's 50 day moving average is $84.08 and its 200 day moving average is $78.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. 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 market capitalization of $20.62 billion, a price-to-earnings ratio of 27.88 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. SS&C Technologies's payout ratio is currently 33.33%.

SS&C Technologies 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.