Swedbank AB Has $132.86 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Swedbank AB lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,753,236 shares of the technology company's stock after buying an additional 261,275 shares during the quarter. Swedbank AB owned approximately 0.71% of SS&C Technologies worth $132,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. Capital Performance Advisors LLP bought a new position in SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc lifted its stake in SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock worth $72,000 after purchasing an additional 233 shares during the last quarter. Brooklyn Investment Group bought a new position in SS&C Technologies during the third quarter worth $73,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in SS&C Technologies in the third quarter worth $89,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of SS&C Technologies by 285.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company's stock worth $140,000 after purchasing an additional 1,657 shares during the period. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.99 on Thursday, hitting $81.22. The company's stock had a trading volume of 1,305,262 shares, compared to its average volume of 1,227,324. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 29.11 and a beta of 1.37. 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 Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $81.81. The stock's 50-day moving average is $76.94 and its two-hundred day moving average is $74.30.

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SSNC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James lifted their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, DA Davidson restated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.