one8zero8 LLC Takes $873,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

one8zero8 LLC bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,520 shares of the technology company's stock, valued at approximately $873,000.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock worth $2,385,000 after buying an additional 6,721 shares during the period. Truist Financial Corp raised its holdings in SS&C Technologies by 82.0% during 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 in the last quarter. State Street Corp raised its holdings in SS&C Technologies by 2.2% during the third 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 in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after purchasing an additional 322,781 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after purchasing an additional 11,077 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Remove Ads

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Price Performance

Shares of SSNC traded down $0.51 during mid-day trading on Thursday, reaching $82.34. 1,278,932 shares of the company's stock were exchanged, compared to its average volume of 1,161,191. 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 50-day simple moving average of $83.33 and a two-hundred day simple moving average of $77.79. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 27.45 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.93% and a return on equity of 18.30%. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company 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 of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five 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 stock currently has an average rating of "Buy" and a consensus price target of $97.50.

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.