Loomis Sayles & Co. L P Grows Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Loomis Sayles & Co. L P boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,073 shares of the technology company's stock after acquiring an additional 83,689 shares during the period. Loomis Sayles & Co. L P owned about 0.10% of SS&C Technologies worth $19,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SSNC. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the fourth quarter worth about $39,000. Parkside Financial Bank & Trust lifted 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 period. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at $51,000. Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 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. 15.40% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several analysts have weighed in on SSNC shares. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. DA Davidson lifted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. 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. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $97.50.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $0.30 during midday trading on Wednesday, hitting $83.30. The company had a trading volume of 348,041 shares, compared to its average volume of 1,213,530. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business's 50-day simple moving average is $84.30 and its 200-day simple moving average is $78.42. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 27.73 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73.

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 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%. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued 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 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.