Treasurer of the State of North Carolina Purchases 5,012 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Treasurer of the State of North Carolina boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,214 shares of the technology company's stock after buying an additional 5,012 shares during the period. Treasurer of the State of North Carolina owned approximately 0.09% of SS&C Technologies worth $16,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SSNC. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the fourth quarter worth $39,000. Parkside Financial Bank & Trust boosted its stake 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 worth $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in SS&C Technologies in the 4th quarter valued at about $51,000. Rialto Wealth Management LLC acquired a new stake in SS&C Technologies during the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.53 during trading hours on Thursday, reaching $76.61. The company had a trading volume of 386,194 shares, compared to its average volume of 1,242,287. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $18.88 billion, a PE ratio of 25.54 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The stock has a 50-day moving average of $83.02 and a two-hundred day moving average of $78.46.

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, beating 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%. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Analysts Set New Price Targets

SSNC has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. DA Davidson cut their price objective on shares of 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. UBS Group upped their price objective 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. Finally, Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $97.17.

About SS&C Technologies

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.