Vinva Investment Management Ltd Has $3.31 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vinva Investment Management Ltd raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,792 shares of the technology company's stock after buying an additional 17,853 shares during the period. Vinva Investment Management Ltd's holdings in SS&C Technologies were worth $3,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust raised its position in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the fourth quarter worth $51,000. Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies during the 4th quarter worth $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on 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 directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and a consensus target price of $97.50.

SS&C Technologies Stock Performance

SSNC stock traded up $0.40 during midday trading on Monday, hitting $82.75. The stock had a trading volume of 1,161,111 shares, compared to its average volume of 1,171,690. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a 50-day simple moving average of $83.61 and a 200 day simple moving average of $77.93. The firm has a market capitalization of $20.40 billion, a price-to-earnings ratio of 27.58 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results 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 net margin of 12.93% and a return on equity of 18.30%. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.