Senator Investment Group LP Increases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Senator Investment Group LP boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 133.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,519,175 shares of the technology company's stock after buying an additional 869,175 shares during the quarter. SS&C Technologies accounts for approximately 3.4% of Senator Investment Group LP's holdings, making the stock its 4th biggest position. Senator Investment Group LP owned approximately 0.61% of SS&C Technologies worth $115,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SSNC. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust grew its position in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the period. Financial Perspectives Inc purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC bought a new position in SS&C Technologies in the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC stock traded up $1.06 during trading hours on Thursday, hitting $77.43. The stock had a trading volume of 1,688,677 shares, compared to its average volume of 1,254,621. The stock's 50-day moving average price is $81.57 and its two-hundred day moving average price is $78.55. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 25.81 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.11). SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SSNC shares. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. DA Davidson decreased their price objective on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. UBS Group raised their target price 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. Finally, Raymond James upped 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 research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies has a consensus rating of "Buy" and an average target price of $97.17.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction 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 sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction 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 transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

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.