TD Private Client Wealth LLC Has $1.81 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

TD Private Client Wealth LLC raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,824 shares of the technology company’s stock after purchasing an additional 3,229 shares during the quarter. TD Private Client Wealth LLC’s holdings in SS&C Technologies were worth $1,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. First National Bank of Hutchinson increased its position in SS&C Technologies by 3.5% during the 4th quarter. First National Bank of Hutchinson now owns 11,282 shares of the technology company’s stock valued at $855,000 after purchasing an additional 379 shares during the period. Royal London Asset Management Ltd. increased its position in SS&C Technologies by 18.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 92,948 shares of the technology company’s stock valued at $7,044,000 after purchasing an additional 14,716 shares during the period. Koss Olinger Consulting LLC acquired a new stake in SS&C Technologies during the 4th quarter valued at approximately $1,234,000. Vinva Investment Management Ltd increased its position in SS&C Technologies by 68.8% during the 4th quarter. Vinva Investment Management Ltd now owns 43,792 shares of the technology company’s stock valued at $3,313,000 after purchasing an additional 17,853 shares during the period. Finally, Xponance Inc. increased its position in SS&C Technologies by 27.1% during the 4th quarter. Xponance Inc. now owns 23,787 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 5,068 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies 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 transaction of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, 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. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $82.35 on Friday. The company has a fifty day simple moving average of $83.61 and a 200 day simple moving average of $77.90. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. 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 company has a market cap of $20.30 billion, a P/E ratio of 27.45 and a beta of 1.36.

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

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

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.