SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Boosted by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 993.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,286 shares of the technology company’s stock after acquiring an additional 322,781 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in SS&C Technologies were worth $26,924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SSNC. Kestra Investment Management LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies during the 4th quarter valued at about $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. DA Davidson boosted their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and an average price target of $97.50.

Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on 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 directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on 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 trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Stock Up 0.0 %

SSNC opened at $81.53 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The firm has a market cap of $20.10 billion, a P/E ratio of 27.18 and a beta of 1.36. The business has a 50 day moving average price of $82.63 and a 200 day moving average price of $77.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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

SS&C Technologies Dividend Announcement

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

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.