Martingale Asset Management L P Boosts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Martingale Asset Management L P lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,237 shares of the technology company's stock after purchasing an additional 3,390 shares during the period. Martingale Asset Management L P's holdings in SS&C Technologies were worth $3,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in SS&C Technologies during the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust grew its position in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc bought a new stake in shares of SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies in the 4th quarter worth $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on 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 sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 23,200 shares of the company's stock, 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. 15.40% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

SSNC has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $97.17.

SS&C Technologies Stock Performance

SS&C Technologies stock traded down $0.14 during midday trading on Tuesday, reaching $77.24. The stock had a trading volume of 617,122 shares, compared to its average volume of 1,240,910. 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 firm has a market capitalization of $19.03 billion, a PE ratio of 25.75 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The firm's 50-day moving average price is $83.34 and its 200 day moving average price is $78.49.

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 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%. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

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.