CIBC Asset Management Inc Has $747,000 Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

CIBC Asset Management Inc grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,857 shares of the technology company’s stock after acquiring an additional 1,119 shares during the period. CIBC Asset Management Inc’s holdings in SS&C Technologies were worth $747,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in SS&C Technologies during the fourth quarter worth approximately $65,000. Global X Japan Co. Ltd. lifted its position in SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after acquiring an additional 574 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in SS&C Technologies during the third quarter worth approximately $68,000. Versant Capital Management Inc lifted its position in SS&C Technologies by 32.5% during 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. Finally, Brooklyn Investment Group acquired a new stake in SS&C Technologies during the third quarter worth approximately $73,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the subject of several research reports. 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. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James lifted 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. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, DA Davidson lifted their price target 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 equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $88.60 on Friday. The company’s 50 day simple moving average is $80.04 and its 200 day simple moving average is $76.24. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 71,000 shares of the business’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 owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,000 shares of company stock valued at $40,777,638. 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.