Elo Mutual Pension Insurance Co Grows Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Elo Mutual Pension Insurance Co grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,484 shares of the technology company’s stock after acquiring an additional 712 shares during the period. Elo Mutual Pension Insurance Co’s holdings in SS&C Technologies were worth $1,552,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its holdings in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after buying an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies during the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co purchased a new stake in SS&C Technologies in the 4th quarter worth approximately $65,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 2.0 %

Shares of NASDAQ SSNC opened at $81.98 on Friday. The stock has a market capitalization of $20.21 billion, a P/E ratio of 27.33 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The firm’s 50 day simple moving average is $84.15 and its two-hundred day simple moving average is $78.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results 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 net margin of 12.93% and a return on equity of 18.30%. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Insider Buying and Selling

In other SS&C Technologies 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 completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, 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. 15.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SSNC shares. DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Raymond James upped their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” 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 report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $97.50.

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.