Wells Fargo & Company MN Purchases 64,565 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wells Fargo & Company MN boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 646,126 shares of the technology company's stock after purchasing an additional 64,565 shares during the period. Wells Fargo & Company MN owned about 0.26% of SS&C Technologies worth $48,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after purchasing an additional 123 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock valued at $475,000 after buying an additional 137 shares during the period. Global Retirement Partners LLC increased its stake in shares of SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC lifted its stake in SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after acquiring an additional 158 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on SSNC. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. DA Davidson decreased their price target on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a research note on Friday. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James increased their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company 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 MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $97.17.

SS&C Technologies Stock Up 0.1 %

Shares of SS&C Technologies stock traded up $0.05 during midday trading on Tuesday, hitting $77.43. The company had a trading volume of 485,679 shares, compared to its average volume of 1,240,390. 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. The stock has a market capitalization of $19.08 billion, a P/E ratio of 25.80 and a beta of 1.31. The company has a 50 day moving average of $83.34 and a 200 day moving average of $78.49.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results 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 analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred 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 sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. This 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 owned by insiders.

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.