one8zero8 LLC Purchases Shares of 11,520 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

one8zero8 LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,520 shares of the technology company’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SSNC. Janus Henderson Group PLC grew its holdings in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. KBC Group NV grew its holdings 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 during the last quarter. Raymond James Financial Inc. bought a new position in shares of SS&C Technologies in the fourth quarter worth approximately $49,179,000. Point72 Asset Management L.P. grew its holdings in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of SS&C Technologies by 278.5% in the fourth quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock worth $35,338,000 after purchasing an additional 343,105 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $81.41 on Friday. 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 firm has a market capitalization of $20.07 billion, a P/E ratio of 27.14 and a beta of 1.36. The business has a fifty day simple moving average of $82.94 and a two-hundred day simple moving average of $77.63. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SSNC. Royal Bank of Canada raised their target price 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. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. 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 report on Monday, February 10th. 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 report on Friday, February 7th. Finally, UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $97.50.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 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.