QRG Capital Management Inc. Purchases 2,620 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

QRG Capital Management Inc. boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,566 shares of the technology company’s stock after purchasing an additional 2,620 shares during the period. QRG Capital Management Inc.’s holdings in SS&C Technologies were worth $4,059,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SSNC. SkyView Investment Advisors LLC boosted its stake in shares of SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares during the last quarter. Global Retirement Partners LLC boosted its position in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after purchasing an additional 149 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after purchasing an additional 164 shares during the period. Foundations Investment Advisors LLC increased its position in shares of SS&C Technologies by 5.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after purchasing an additional 171 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 196 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $89.05 on Friday. The firm’s 50 day moving average is $81.37 and its 200 day moving average is $76.88. The stock has a market capitalization of $22.06 billion, a P/E ratio of 29.68 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.12%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SSNC shares. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the company’s 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 owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 474,000 shares of company stock valued at $37,492,778 in the last quarter. 15.40% of the stock is currently owned by corporate insiders.

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.