SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,454,937 shares of the technology company's stock after purchasing an additional 286,643 shares during the period. Victory Capital Management Inc. owned 0.59% of SS&C Technologies worth $110,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. KBC Group NV grew its stake in SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after buying an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. increased its position in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock worth $44,058,000 after buying an additional 424,487 shares during the period. Two Sigma Advisers LP increased its position in SS&C Technologies by 433.9% during the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company's stock worth $30,827,000 after buying an additional 337,600 shares during the period. Finally, Swedbank AB lifted 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 buying an additional 261,275 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

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Analysts Set New Price Targets

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

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were 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 of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,700 shares of company stock valued at $18,547,125 in the last ninety days. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $1.29 on Friday, reaching $85.86. 2,526,947 shares of the stock were exchanged, compared to its average volume of 1,464,222. The firm has a market capitalization of $21.16 billion, a PE ratio of 28.62 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The business has a fifty day moving average price of $82.37 and a two-hundred day moving average price of $77.36. 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 (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. SS&C Technologies's payout ratio is currently 33.33%.

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.