Grant Private Wealth Management Inc Acquires Shares of 3,326 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Grant Private Wealth Management Inc bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,326 shares of the technology company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Toronto Dominion Bank raised its holdings in SS&C Technologies by 26.4% in the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock valued at $2,385,000 after buying an additional 6,721 shares during the last quarter. Truist Financial Corp grew its stake in shares of SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. State Street Corp raised its position in 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 purchasing an additional 121,223 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after buying an additional 322,781 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake 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 buying an additional 11,077 shares during the period. Institutional investors own 96.95% of the company's stock.

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SS&C Technologies Stock Up 0.7 %

Shares of NASDAQ SSNC traded up $0.50 during trading on Tuesday, hitting $73.77. 413,369 shares of the company traded hands, compared to its average volume of 1,223,675. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 24.54 and a beta of 1.31. The business's fifty day moving average is $84.13 and its 200 day moving average is $78.47. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping 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%. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.36%. SS&C Technologies's payout ratio is 33.33%.

Analyst Ratings Changes

SSNC has been the topic of several analyst reports. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. DA Davidson boosted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five investment 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, SS&C Technologies currently has an average rating of "Buy" and an average target price of $97.50.

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of 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 disclosure for this sale can be found here. Corporate insiders own 15.40% of the company's stock.

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.