SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 403.0% in the 4th quarter, Holdings Channel reports. The firm owned 839,536 shares of the technology company’s stock after purchasing an additional 672,641 shares during the period. KBC Group NV’s holdings in SS&C Technologies were worth $63,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of SS&C Technologies during the third quarter valued at approximately $68,000. Versant Capital Management Inc boosted its stake in shares of SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after acquiring an additional 233 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of SS&C Technologies during the third quarter worth approximately $73,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in SS&C Technologies in the 3rd quarter valued at $89,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in SS&C Technologies by 285.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,657 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SSNC has been the subject of a number of research reports. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson reaffirmed a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, Raymond James boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $79.98 on Monday. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.37. 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 50 day simple moving average of $76.51 and a 200-day simple moving average of $74.03. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $80.67.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

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 shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by insiders.

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.