Van ECK Associates Corp Has $6.88 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Van ECK Associates Corp increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 90,736 shares of the technology company's stock after purchasing an additional 13,772 shares during the period. Van ECK Associates Corp's holdings in SS&C Technologies were worth $6,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. CENTRAL TRUST Co purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $65,000. Global X Japan Co. Ltd. increased its stake in SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company's stock valued at $66,000 after buying an additional 574 shares during the period. Capital Performance Advisors LLP purchased a new stake in SS&C Technologies in the 3rd quarter worth approximately $68,000. Versant Capital Management Inc boosted its stake in shares of SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock valued at $72,000 after buying an additional 233 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of SS&C Technologies during the 3rd quarter valued at $73,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,000 shares of company stock worth $40,777,638. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.53 during midday trading on Friday, reaching $88.60. The stock had a trading volume of 2,166,520 shares, compared to its average volume of 1,437,951. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.50. The firm's fifty day simple moving average is $80.04 and its 200-day simple moving average is $76.20.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted 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 research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. SS&C Technologies's dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SSNC shares. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $97.50.

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.