Pictet Asset Management Holding SA Buys 2,687 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pictet Asset Management Holding SA lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 149,231 shares of the technology company’s stock after purchasing an additional 2,687 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of SS&C Technologies worth $11,309,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its position in shares of SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after buying an additional 3,901,227 shares during the period. Norges Bank bought a new stake in SS&C Technologies during the 4th quarter worth approximately $205,475,000. KBC Group NV increased its holdings in SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after acquiring an additional 672,641 shares during the period. Raymond James Financial Inc. purchased a new stake in SS&C Technologies in the 4th quarter worth approximately $49,179,000. Finally, Point72 Asset Management L.P. grew its position in shares of SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after purchasing an additional 424,487 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research analyst reports. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. DA Davidson raised their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research 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. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Trading Up 0.5 %

SSNC stock opened at $83.42 on Thursday. The company has a market capitalization of $20.56 billion, a PE ratio of 27.81 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company’s 50 day moving average price is $84.38 and its two-hundred day moving average price is $78.45.

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

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies’s payout ratio is currently 33.33%.

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.