Fisher Asset Management LLC Acquires 16,374 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fisher Asset Management LLC boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,725 shares of the technology company's stock after acquiring an additional 16,374 shares during the quarter. Fisher Asset Management LLC's holdings in SS&C Technologies were worth $5,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System lifted its position in SS&C Technologies by 5.3% during the first quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company's stock valued at $27,909,000 after purchasing an additional 21,641 shares during the last quarter. Tidal Investments LLC grew its position in SS&C Technologies by 28.5% in the first quarter. Tidal Investments LLC now owns 22,975 shares of the technology company's stock worth $1,479,000 after acquiring an additional 5,100 shares in the last quarter. Comerica Bank increased its stake in SS&C Technologies by 24.0% in the first quarter. Comerica Bank now owns 50,531 shares of the technology company's stock valued at $3,253,000 after acquiring an additional 9,764 shares during the last quarter. PGGM Investments raised its position in SS&C Technologies by 3.1% during the first quarter. PGGM Investments now owns 44,694 shares of the technology company's stock valued at $2,877,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in SS&C Technologies during the first quarter worth about $343,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research reports. StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada raised their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reiterated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Raymond James increased their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.75.

SS&C Technologies Stock Down 0.0 %

SSNC traded down $0.02 on Friday, hitting $77.34. The company had a trading volume of 571,963 shares, compared to its average volume of 1,091,018. SS&C Technologies Holdings, Inc. has a 52-week low of $55.63 and a 52-week high of $77.69. The stock has a fifty day simple moving average of $74.22 and a 200-day simple moving average of $69.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $19.16 billion, a P/E ratio of 27.73 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies's payout ratio is 35.84%.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares of the company's stock, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction 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 transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,000 shares of company stock valued at $16,560,660 in the last three months. Company insiders own 15.40% of the company's stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.