Headlands Technologies LLC Buys 10,876 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Headlands Technologies LLC boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 111.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,651 shares of the technology company's stock after buying an additional 10,876 shares during the quarter. Headlands Technologies LLC's holdings in SS&C Technologies were worth $1,565,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SSNC. National Bank of Canada FI increased its holdings in shares of SS&C Technologies by 2,868.4% during the 4th quarter. National Bank of Canada FI now owns 133,995 shares of the technology company's stock valued at $10,154,000 after acquiring an additional 129,481 shares during the last quarter. Wellington Management Group LLP grew its holdings in SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of SS&C Technologies by 5.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,632 shares of the technology company's stock valued at $806,000 after purchasing an additional 552 shares during the period. Schroder Investment Management Group lifted its stake in shares of SS&C Technologies by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 136,981 shares of the technology company's stock worth $10,380,000 after buying an additional 2,996 shares during the last quarter. Finally, Allstate Corp bought a new stake in shares of SS&C Technologies during the 4th quarter worth $504,000. 96.95% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the 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 directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

Analyst Upgrades and Downgrades

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

SS&C Technologies Stock Performance

SS&C Technologies stock traded down $5.63 on Friday, hitting $74.35. The company's stock had a trading volume of 1,479,620 shares, compared to its average volume of 1,220,885. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The firm has a market cap of $18.33 billion, a P/E ratio of 24.78 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $84.38 and a 200-day moving average price of $78.46.

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 (EPS) for the quarter, topping the consensus estimate 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, equities 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 business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.