Payden & Rygel Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Payden & Rygel bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 99,000 shares of the technology company's stock, valued at approximately $7,503,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of SS&C Technologies by 34.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 559,444 shares of the technology company's stock worth $42,395,000 after acquiring an additional 144,218 shares in the last quarter. Katamaran Capital LLP purchased a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $3,564,000. Resona Asset Management Co. Ltd. purchased a new stake in SS&C Technologies in the 4th quarter worth $4,736,000. Wells Fargo & Company MN raised its position in SS&C Technologies by 11.1% during the fourth quarter. Wells Fargo & Company MN now owns 646,126 shares of the technology company's stock worth $48,963,000 after acquiring an additional 64,565 shares during the period. Finally, Prudential PLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Analysts Set New Price Targets

SSNC has been the subject of a number of research analyst reports. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. UBS Group lifted their price target 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. Raymond James upped 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 report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target 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. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $97.50.

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Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred 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 sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Down 3.0 %

SSNC stock traded down $2.31 during trading on Thursday, hitting $75.56. 823,124 shares of the company's stock were exchanged, compared to its average volume of 1,236,929. The business has a 50-day moving average price of $83.66 and a two-hundred day moving average price of $78.42. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 24.97 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week 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 EPS for the quarter, beating 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%. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.32%. SS&C Technologies's dividend payout ratio is currently 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.