Royal London Asset Management Ltd. Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Royal London Asset Management Ltd. increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,948 shares of the technology company's stock after acquiring an additional 14,716 shares during the quarter. Royal London Asset Management Ltd.'s holdings in SS&C Technologies were worth $7,044,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% in the fourth 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 acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the fourth quarter worth approximately $65,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of SSNC stock traded down $0.19 during trading on Thursday, hitting $83.64. The company's stock had a trading volume of 902,436 shares, compared to its average volume of 1,169,104. The company has a market cap of $20.62 billion, a PE ratio of 27.88 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 business has a fifty day moving average of $83.99 and a 200-day moving average of $78.11. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's 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 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 trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was 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 owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SSNC. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, February 7th. UBS Group upped their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating 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 note on Monday, February 10th. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, 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. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.