Handelsbanken Fonder AB Purchases 15,247 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Handelsbanken Fonder AB increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,345 shares of the technology company’s stock after buying an additional 15,247 shares during the period. Handelsbanken Fonder AB’s holdings in SS&C Technologies were worth $5,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC raised its stake in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares during the last quarter. Global Retirement Partners LLC grew its holdings in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after purchasing an additional 149 shares during the period. Foundations Investment Advisors LLC grew its holdings in SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after purchasing an additional 171 shares during the period. Janney Montgomery Scott LLC grew its holdings in SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after purchasing an additional 196 shares during the period. Finally, Covestor Ltd grew its holdings in SS&C Technologies by 10.3% in the third quarter. Covestor Ltd now owns 2,262 shares of the technology company’s stock worth $168,000 after purchasing an additional 212 shares during the period. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. UBS Group raised their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC raised their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Raymond James lifted their price objective 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. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Down 0.6 %

Shares of NASDAQ SSNC opened at $88.60 on Monday. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a 50-day moving average price of $80.04 and a 200-day moving average price of $76.29. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.50. 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 (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now 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 legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is 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.