Delphi Management Inc. MA Acquires 182 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Delphi Management Inc. MA raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 20,883 shares of the technology company’s stock after purchasing an additional 182 shares during the quarter. SS&C Technologies accounts for 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 11th biggest holding. Delphi Management Inc. MA’s holdings in SS&C Technologies were worth $1,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after buying an additional 817,501 shares during the period. State Street Corp increased its stake in shares of SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after buying an additional 121,223 shares during the period. Cantillon Capital Management LLC increased its stake in shares of SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock valued at $343,517,000 after buying an additional 25,895 shares during the period. FMR LLC increased its stake in shares of SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after buying an additional 58,389 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after buying an additional 64,299 shares during the period. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

SSNC opened at $82.09 on Tuesday. The business’s 50-day moving average is $83.07 and its two-hundred day moving average is $77.71. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. 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 firm has a market capitalization of $20.23 billion, a PE ratio of 27.36 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. SS&C Technologies’s payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the business’s 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 sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s 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 sale, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank of Canada raised 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. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Raymond James lifted their target price 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. Finally, Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $97.50.

About SS&C Technologies

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.