River Global Investors LLP Buys New Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

River Global Investors LLP purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 38,580 shares of the technology company's stock, valued at approximately $2,924,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Toronto Dominion Bank lifted its stake in SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock valued at $2,385,000 after purchasing an additional 6,721 shares during the last quarter. Truist Financial Corp lifted its position in shares of SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after acquiring an additional 8,598 shares during the last quarter. State Street Corp boosted its stake in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after acquiring an additional 11,077 shares during the last quarter. Finally, Benson Investment Management Company Inc. purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at $5,578,000. 96.95% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have issued reports on SSNC. Raymond James boosted their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $97.50.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on 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 $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Up 0.0 %

SSNC traded up $0.01 during midday trading on Wednesday, hitting $81.53. 1,515,510 shares of the company's stock traded hands, compared to its average volume of 1,505,377. 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 company has a market cap of $20.10 billion, a PE ratio of 27.18 and a beta of 1.36. The stock's fifty day simple moving average is $82.63 and its 200-day simple moving average is $77.51. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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%. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date 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 currently 33.33%.

SS&C Technologies Company 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.