SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,948 shares of the technology company’s stock after purchasing an additional 14,716 shares during the quarter. Royal London Asset Management Ltd.’s holdings in SS&C Technologies were worth $7,044,000 as of its most recent SEC filing.

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

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $82.35 on Monday. 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 company has a market cap of $20.30 billion, a P/E ratio of 27.45 and a beta of 1.36. The stock has a 50-day moving average of $83.61 and a two-hundred day moving average of $77.93. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73.

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

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a yield of 1.21%. SS&C Technologies’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent analyst reports. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson raised their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the director now directly 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 disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

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.