SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 470,526 shares of the technology company's stock after purchasing an additional 72,775 shares during the period. Invesco Ltd. owned approximately 0.19% of SS&C Technologies worth $35,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSNC. Boston Partners increased its holdings in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Norges Bank bought a new position in SS&C Technologies in the 4th quarter worth $205,475,000. KBC Group NV lifted its position in SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after purchasing an additional 672,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SS&C Technologies during the fourth quarter valued at about $49,179,000. Finally, Russell Investments Group Ltd. increased its position in SS&C Technologies by 94.4% in the fourth quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company's stock worth $54,589,000 after buying an additional 349,820 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on 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 in the company, valued at $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SSNC shares. Needham & Company LLC upped 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. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted 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. Finally, StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has an average rating of "Buy" and an average price target of $97.17.

SS&C Technologies Stock Up 0.3 %

NASDAQ:SSNC traded up $0.25 during trading hours on Friday, reaching $76.33. The company's stock had a trading volume of 1,040,814 shares, compared to its average volume of 1,249,765. The stock has a 50 day moving average price of $82.60 and a two-hundred day moving average price of $78.53. 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 company has a market capitalization of $18.81 billion, a P/E ratio of 25.44 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73.

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

SS&C Technologies Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.31%. SS&C Technologies's dividend payout ratio 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.