Payden & Rygel Purchases Shares of 99,000 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Payden & Rygel acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 99,000 shares of the technology company’s stock, valued at approximately $7,503,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after buying an additional 123 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock worth $242,000 after purchasing an additional 161 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 7.0 %

Shares of NASDAQ:SSNC opened at $74.35 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $84.27 and its 200 day moving average price is $78.45. The company has a market cap of $18.33 billion, a PE ratio of 24.78 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. 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 disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 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 stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SSNC shares. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. 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 research note on Friday, February 7th. 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. Finally, Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.