PGGM Investments Purchases 1,040 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

PGGM Investments raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,235 shares of the technology company’s stock after buying an additional 1,040 shares during the quarter. PGGM Investments’ holdings in SS&C Technologies were worth $4,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after acquiring an additional 817,501 shares during the period. KBC Group NV increased its stake in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after purchasing an additional 672,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $49,179,000. Point72 Asset Management L.P. lifted its stake in shares of SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after buying an additional 424,487 shares in the last quarter. Finally, River Road Asset Management LLC boosted its holdings in SS&C Technologies by 278.5% in the 4th quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock worth $35,338,000 after buying an additional 343,105 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $79.96 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $19.71 billion, a PE ratio of 26.65 and a beta of 1.36. The stock has a 50-day moving average price of $82.75 and a 200-day moving average price of $77.54.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS 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, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared 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. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson boosted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James raised 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 research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $97.50.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

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.