Fisher Asset Management LLC Buys 137,687 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fisher Asset Management LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 181.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 213,412 shares of the technology company's stock after buying an additional 137,687 shares during the period. Fisher Asset Management LLC owned about 0.09% of SS&C Technologies worth $16,172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after buying an additional 229 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of SS&C Technologies by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 53,566 shares of the technology company's stock worth $4,059,000 after purchasing an additional 2,620 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of SS&C Technologies in the 4th quarter valued at about $7,634,000. Bryn Mawr Capital Management LLC increased its position in shares of SS&C Technologies by 2.1% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 130,089 shares of the technology company's stock valued at $9,858,000 after buying an additional 2,726 shares in the last quarter. Finally, Denali Advisors LLC increased its position in shares of SS&C Technologies by 107.8% during the fourth quarter. Denali Advisors LLC now owns 7,711 shares of the technology company's stock worth $584,000 after acquiring an additional 4,000 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,700 shares of company stock worth $18,547,125 over the last three months. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $1.29 on Friday, hitting $85.86. The company's stock had a trading volume of 2,433,536 shares, compared to its average volume of 1,462,002. 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 one year low of $59.63 and a one year high of $89.73. The stock has a fifty day moving average of $82.18 and a two-hundred day moving average of $77.24. The firm has a market capitalization of $21.27 billion, a P/E ratio of 28.62 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.16%. SS&C Technologies's dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SSNC shares. Needham & Company LLC lifted their target price 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. Raymond James raised their price target 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. DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. UBS Group lifted their price target 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. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $97.50.

About SS&C Technologies

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.