Natixis Advisors LLC Acquires 76,850 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis Advisors LLC lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 674,738 shares of the technology company's stock after purchasing an additional 76,850 shares during the quarter. Natixis Advisors LLC owned 0.27% of SS&C Technologies worth $51,131,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies during the fourth quarter valued at about $39,000. Parkside Financial Bank & Trust boosted its holdings in 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 acquiring an additional 229 shares during the period. Financial Perspectives Inc bought a new position in SS&C Technologies during the 4th quarter worth approximately $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in SS&C Technologies in the fourth quarter valued at approximately $65,000. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction 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 transaction, the director now 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. 15.40% of the stock is currently owned by insiders.

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SS&C Technologies Stock Down 0.6 %

SS&C Technologies stock traded down $0.51 during trading hours on Thursday, hitting $82.34. 1,278,932 shares of the stock traded hands, compared to its average volume of 1,477,699. The company has a market cap of $20.30 billion, a PE ratio of 27.45 and a beta of 1.36. 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 firm's 50-day moving average price is $83.33 and its two-hundred day moving average price is $77.79. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SSNC shares. 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. Raymond James boosted their price objective on shares of 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. DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Needham & Company LLC boosted their price target 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, StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $97.50.

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.