Snyder Capital Management L P Boosts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Snyder Capital Management L P boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,713,013 shares of the technology company's stock after buying an additional 110,153 shares during the period. SS&C Technologies accounts for 2.7% of Snyder Capital Management L P's portfolio, making the stock its 10th biggest holding. Snyder Capital Management L P owned about 0.69% of SS&C Technologies worth $129,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Vanguard Group Inc. boosted its position in shares of SS&C Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after purchasing an additional 239,438 shares in the last quarter. Boston Partners boosted its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Cantillon Capital Management LLC boosted its position in shares of SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after purchasing an additional 258,554 shares in the last quarter. Finally, Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter valued at about $205,475,000. Institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SSNC shares. UBS Group upped their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Raymond James reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday. Finally, StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $91.86.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company'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 completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

SS&C Technologies Stock Performance

SS&C Technologies stock traded up $0.69 on Monday, reaching $73.38. 1,867,751 shares of the stock were exchanged, compared to its average volume of 1,269,429. The stock has a market cap of $18.08 billion, a PE ratio of 24.46 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm has a fifty day moving average price of $80.93 and a two-hundred day moving average price of $78.59.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio is currently 31.06%.

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.