SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Capital International Investors

Capital International Investors increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,148,398 shares of the technology company's stock after buying an additional 75,106 shares during the period. Capital International Investors owned 0.46% of SS&C Technologies worth $87,026,000 at the end of the most recent reporting period.

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

SS&C Technologies Stock Up 2.6 %

Shares of NASDAQ SSNC traded up $1.94 during mid-day trading on Tuesday, hitting $75.49. 1,197,563 shares of the stock traded hands, compared to its average volume of 1,252,916. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 25.16 and a beta of 1.31. The stock has a fifty day moving average price of $82.04 and a 200-day moving average price of $78.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. SS&C Technologies's payout ratio is presently 33.33%.

Insider Transactions at SS&C Technologies

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSNC shares. DA Davidson lowered their price objective on shares of 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. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, UBS Group lifted 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. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Buy" and an average target price of $97.17.

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.