Zurcher Kantonalbank Zurich Cantonalbank Acquires 72,157 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 158.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,766 shares of the technology company's stock after buying an additional 72,157 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SS&C Technologies were worth $8,924,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in SS&C Technologies by 1.4% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 200,786 shares of the technology company's stock valued at $15,216,000 after acquiring an additional 2,705 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth $64,000. River Global Investors LLP bought a new stake in SS&C Technologies in the fourth quarter worth $2,924,000. Haven Private LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at about $719,000. Finally, Raymond James Financial Inc. bought a new position in shares of SS&C Technologies during the fourth quarter valued at about $49,179,000. 96.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SSNC shares. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. UBS Group increased their price objective 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. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Raymond James increased 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 research report on Friday, February 7th. Finally, DA Davidson boosted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $97.50.

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Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on 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 transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $6,316,160.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

SS&C Technologies Trading Up 0.8 %

NASDAQ SSNC traded up $0.68 during trading on Monday, hitting $82.09. The company had a trading volume of 936,721 shares, compared to its average volume of 1,157,802. The company's fifty day moving average is $82.94 and its 200-day moving average is $77.65. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 27.36 and a beta of 1.36. 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 Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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%. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

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.