Groupama Asset Managment Has $2.81 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Groupama Asset Managment boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,140 shares of the technology company's stock after purchasing an additional 6,377 shares during the period. Groupama Asset Managment's holdings in SS&C Technologies were worth $2,810,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Old West Investment Management LLC raised its holdings in shares of SS&C Technologies by 19.1% in the third quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company's stock valued at $8,295,000 after buying an additional 17,893 shares during the last quarter. Bank of Montreal Can increased its position in SS&C Technologies by 0.7% in the 3rd quarter. Bank of Montreal Can now owns 111,497 shares of the technology company's stock valued at $8,242,000 after acquiring an additional 782 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of SS&C Technologies by 2.7% in the third quarter. The Manufacturers Life Insurance Company now owns 23,397 shares of the technology company's stock worth $1,736,000 after acquiring an additional 624 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of SS&C Technologies by 79.3% during the third quarter. BNP Paribas Financial Markets now owns 126,667 shares of the technology company's stock worth $9,400,000 after purchasing an additional 56,011 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of SS&C Technologies during the third quarter valued at approximately $253,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Down 7.0 %

NASDAQ:SSNC traded down $5.63 during mid-day trading on Friday, hitting $74.35. The company had a trading volume of 1,479,620 shares, compared to its average volume of 1,222,140. The firm has a market cap of $18.33 billion, a P/E ratio of 24.78 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The business's fifty day moving average is $84.27 and its two-hundred day moving average is $78.47. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Raymond James boosted their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $97.50.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business'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 sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

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.