Raymond James Financial Inc. Invests $49.18 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Raymond James Financial Inc. bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 648,968 shares of the technology company's stock, valued at approximately $49,179,000. Raymond James Financial Inc. owned approximately 0.26% of SS&C Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SSNC. Janus Henderson Group PLC grew its stake in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. KBC Group NV grew its stake 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 acquiring an additional 672,641 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock worth $44,058,000 after buying an additional 424,487 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of SS&C Technologies by 433.9% in the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company's stock worth $30,827,000 after buying an additional 337,600 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of SS&C Technologies by 24.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,454,937 shares of the technology company's stock worth $110,255,000 after buying an additional 286,643 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $81.52 on Wednesday. The firm has a 50-day moving average price of $82.52 and a 200-day moving average price of $77.46. The firm has a market capitalization of $20.09 billion, a PE ratio of 27.17 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share 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 forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. SS&C Technologies's payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SSNC. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson lifted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SS&C Technologies currently has an average rating of "Buy" and an average price target of $97.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, 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 transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 23,200 shares in the company, valued at $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 currently owned by company insiders.

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.

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