SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Lifted by Groupama Asset Managment

Groupama Asset Managment grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,140 shares of the technology company's stock after acquiring an additional 6,377 shares during the period. Groupama Asset Managment's holdings in SS&C Technologies were worth $2,810,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SSNC. Boston Partners boosted its stake in shares of SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after acquiring an additional 3,901,227 shares during the last quarter. Norges Bank purchased a new position in SS&C Technologies during the fourth quarter worth about $205,475,000. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. KBC Group NV raised its holdings in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after buying an additional 672,641 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $49,179,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 4.1 %

Shares of NASDAQ:SSNC traded down $3.44 during mid-day trading on Thursday, hitting $79.98. 1,447,958 shares of the company traded hands, compared to its average volume of 1,219,854. The firm's 50 day simple moving average is $84.38 and its 200 day simple moving average is $78.46. The firm has a market cap of $19.71 billion, a P/E ratio of 26.66 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies's dividend payout ratio is presently 33.33%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 completion of the sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SSNC shares. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson raised their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC boosted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.