Fmr LLC Has $290.49 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

FMR LLC lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,833,340 shares of the technology company's stock after selling 150,717 shares during the quarter. FMR LLC owned about 1.55% of SS&C Technologies worth $290,491,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after buying an additional 123 shares in the last quarter. 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 acquiring an additional 137 shares during the period. Global Retirement Partners LLC raised its holdings in 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 worth $107,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after purchasing an additional 158 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

SSNC has been the topic of a number of research analyst reports. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. DA Davidson dropped their target price on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Raymond James boosted 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. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $97.17.

SS&C Technologies Stock Down 0.5 %

Shares of SS&C Technologies stock traded down $0.41 during midday trading on Wednesday, hitting $76.46. The company's stock had a trading volume of 263,837 shares, compared to its average volume of 1,486,625. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The stock has a 50-day simple moving average of $83.24 and a 200-day simple moving average of $78.47. The firm has a market capitalization of $18.84 billion, a P/E ratio of 25.49 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's payout ratio is presently 33.33%.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

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.