Robeco Institutional Asset Management B.V. Buys 87,737 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 984,935 shares of the technology company's stock after buying an additional 87,737 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.40% of SS&C Technologies worth $74,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC raised its position 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 buying an additional 817,501 shares during the last quarter. State Street Corp raised its position in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after buying an additional 121,223 shares during the last quarter. FMR LLC raised its position in SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock valued at $295,657,000 after buying an additional 58,389 shares during the last quarter. Geode Capital Management LLC raised its position in SS&C Technologies by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock valued at $268,075,000 after buying an additional 64,299 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in SS&C Technologies by 9.4% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company's stock valued at $171,889,000 after buying an additional 198,111 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Up 1.2 %

SS&C Technologies stock traded up $0.99 during trading hours on Thursday, reaching $81.22. The company had a trading volume of 1,305,262 shares, compared to its average volume of 1,227,324. 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 company has a 50-day moving average price of $77.05 and a 200 day moving average price of $74.35. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 29.11 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a 12-month low of $59.53 and a 12-month high of $81.81.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 132,700 shares of the business'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 transaction of $10,197,995.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies 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 $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 in the last ninety days. Company insiders own 15.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SSNC shares. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James raised their target price on 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. DA Davidson reaffirmed a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $77.75.

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.