SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Boosted by Swedbank AB

Swedbank AB lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,753,236 shares of the technology company’s stock after buying an additional 261,275 shares during the period. Swedbank AB owned approximately 0.71% of SS&C Technologies worth $132,860,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SSNC. American Century Companies Inc. lifted its position in shares of SS&C Technologies by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 16,245 shares of the technology company’s stock valued at $1,018,000 after acquiring an additional 1,460 shares during the last quarter. Marshall Wace LLP raised its position in shares of SS&C Technologies by 42.8% during the second quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock worth $548,000 after purchasing an additional 2,618 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of SS&C Technologies by 183.9% during the second quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock valued at $641,000 after purchasing an additional 6,624 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of SS&C Technologies by 19.7% in the 2nd quarter. Toronto Dominion Bank now owns 25,415 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 4,187 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in SS&C Technologies during the 2nd quarter worth about $1,028,000. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SS&C Technologies Stock Down 0.2 %

SSNC traded down $0.13 during midday trading on Wednesday, hitting $80.82. 125,679 shares of the company’s stock traded hands, compared to its average volume of 1,157,379. 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 company has a market cap of $20.02 billion, a PE ratio of 28.96 and a beta of 1.37. The stock’s fifty day simple moving average is $76.80 and its 200-day simple moving average is $74.26. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $81.52.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 over the last three months. 15.40% of the stock is currently owned by insiders.

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.