Stephens Inc. AR Has $3.07 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Stephens Inc. AR decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,472 shares of the technology company's stock after selling 9,760 shares during the quarter. Stephens Inc. AR's holdings in SS&C Technologies were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Toronto Dominion Bank grew its stake in SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock valued at $2,385,000 after purchasing an additional 6,721 shares in the last quarter. State Street Corp grew its stake in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after purchasing an additional 11,077 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in SS&C Technologies in the fourth quarter valued at about $5,578,000. Finally, Swedbank AB grew its stake in SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock valued at $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of recent research reports. UBS Group boosted their target price on 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 boosted their price target 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. DA Davidson boosted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has an average rating of "Buy" and an average target price of $93.71.

SS&C Technologies Price Performance

Shares of SSNC stock traded up $0.08 during trading hours on Friday, hitting $88.66. The company had a trading volume of 1,020,886 shares, compared to its average volume of 1,293,155. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.25. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. The firm's fifty day moving average is $78.82 and its 200 day moving average is $75.62. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 yield of 1.13%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of the 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 in the last three months. Insiders own 15.40% of the company's stock.

About SS&C Technologies

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.