TD Private Client Wealth LLC Boosts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

TD Private Client Wealth LLC increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,824 shares of the technology company's stock after buying an additional 3,229 shares during the period. TD Private Client Wealth LLC's holdings in SS&C Technologies were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SSNC. Old West Investment Management LLC lifted its position in shares of SS&C Technologies by 19.1% in the third quarter. Old West Investment Management LLC now owns 111,784 shares of the technology company's stock valued at $8,295,000 after acquiring an additional 17,893 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in SS&C Technologies by 220.6% during the third quarter. Thrivent Financial for Lutherans now owns 65,226 shares of the technology company's stock worth $4,840,000 after acquiring an additional 44,884 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in SS&C Technologies during the 3rd quarter valued at about $503,000. Intech Investment Management LLC raised its holdings in SS&C Technologies by 20.1% in the 3rd quarter. Intech Investment Management LLC now owns 9,195 shares of the technology company's stock valued at $682,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in SS&C Technologies in the 3rd quarter worth approximately $264,000. Institutional investors and hedge funds own 96.95% of the company's stock.

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SS&C Technologies Trading Down 0.2 %

Shares of SSNC stock traded down $0.19 on Thursday, hitting $83.64. The stock had a trading volume of 902,436 shares, compared to its average volume of 1,169,104. The company's 50 day moving average price is $83.99 and its 200-day moving average price is $78.11. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $20.62 billion, a P/E ratio of 27.88 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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%. Analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Insider Transactions at SS&C Technologies

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SSNC shares. Raymond James raised their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies currently has an average rating of "Buy" and an average price target of $97.50.

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.