American Century Companies Inc. Raises Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

American Century Companies Inc. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 115.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,094 shares of the technology company's stock after acquiring an additional 23,049 shares during the quarter. American Century Companies Inc.'s holdings in SS&C Technologies were worth $3,266,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust boosted its stake 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 worth $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc acquired a new position in SS&C Technologies during the fourth quarter worth $51,000. Rialto Wealth Management LLC purchased a new stake in SS&C Technologies in the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 1.5 %

SSNC traded up $1.09 on Friday, hitting $76.07. 1,754,417 shares of the company were exchanged, compared to its average volume of 1,244,103. The firm has a 50-day moving average price of $83.42 and a two-hundred day moving average price of $78.43. 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 twelve month low of $59.63 and a twelve month high of $89.73. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 25.36 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. SS&C Technologies's payout ratio is currently 33.33%.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, 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. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of analyst reports. Needham & Company LLC lifted their target price 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 target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson lowered their price objective on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a research report on Friday. Raymond James lifted their target price on 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. Finally, Royal Bank of Canada upped their price target 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. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of "Buy" and a consensus price target of $97.17.

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.