Vanguard Group Inc. Purchases 239,438 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vanguard Group Inc. lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,215,026 shares of the technology company's stock after purchasing an additional 239,438 shares during the quarter. Vanguard Group Inc. owned 8.16% of SS&C Technologies worth $1,531,895,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SSNC. Kestra Investment Management LLC acquired a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its holdings in shares of SS&C Technologies by 76.1% during the 4th 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 last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies in the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth $64,000. Finally, CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Trading Down 0.6 %

SSNC stock traded down $0.53 during trading on Tuesday, hitting $83.00. The company had a trading volume of 984,730 shares, compared to its average volume of 1,216,880. 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 current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $84.30 and a 200-day moving average of $78.42. The stock has a market cap of $20.46 billion, a PE ratio of 27.67 and a beta of 1.36.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SSNC shares. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, DA Davidson boosted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $97.50.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company's 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 completion of the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

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.