Mariner LLC Purchases 67,704 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mariner LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 304.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,921 shares of the technology company's stock after purchasing an additional 67,704 shares during the quarter. Mariner LLC's holdings in SS&C Technologies were worth $6,814,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SSNC. MML Investors Services LLC increased its position in SS&C Technologies by 8.8% during the 3rd quarter. MML Investors Services LLC now owns 10,547 shares of the technology company's stock worth $783,000 after purchasing an additional 853 shares during the period. Virtu Financial LLC purchased a new stake in shares of SS&C Technologies in the third quarter valued at $372,000. SkyView Investment Advisors LLC grew its stake in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after acquiring an additional 137 shares during the period. Boyar Asset Management Inc. acquired a new position in SS&C Technologies in the third quarter valued at $1,334,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of SS&C Technologies during the 3rd quarter worth about $2,326,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $1.94 on Tuesday, hitting $75.49. 1,197,563 shares of the company were exchanged, compared to its average volume of 1,252,916. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.60 billion, a P/E ratio of 25.16 and a beta of 1.31. The firm has a 50 day moving average of $82.04 and a two-hundred day moving average of $78.54. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73.

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 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at SS&C Technologies

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 value 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's 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 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 disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SSNC shares. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson dropped their target price on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada lifted their target price 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 upped their target price 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. Finally, StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SS&C Technologies has a consensus rating of "Buy" and an average price target 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.