Russell Investments Group Ltd. Increases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Russell Investments Group Ltd. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 94.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,364 shares of the technology company's stock after buying an additional 349,820 shares during the period. Russell Investments Group Ltd. owned approximately 0.29% of SS&C Technologies worth $54,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Toronto Dominion Bank grew its position in shares of SS&C Technologies by 26.4% in 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 in the last quarter. Truist Financial Corp grew its holdings in 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 buying an additional 8,598 shares in the last quarter. State Street Corp grew its holdings in 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 valued at $417,370,000 after buying an additional 121,223 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of 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 valued at $26,924,000 after buying an additional 322,781 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after buying an additional 11,077 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

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SS&C Technologies Price Performance

SSNC traded up $1.09 during trading on Friday, reaching $76.07. The stock had a trading volume of 1,754,417 shares, compared to its average volume of 1,244,104. The business has a 50-day moving average of $83.42 and a 200-day moving average of $78.43. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $18.74 billion, a PE ratio of 25.36 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Raymond James boosted their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. DA Davidson reduced their target price on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a research report on Friday. Finally, Royal Bank of Canada raised their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $97.17.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction dated 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. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

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.