Russell Investments Group Ltd. Has $54.59 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Russell Investments Group Ltd. boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 720,364 shares of the technology company’s stock after acquiring an additional 349,820 shares during the period. Russell Investments Group Ltd. owned 0.29% of SS&C Technologies worth $54,589,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Payden & Rygel acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $7,503,000. Envestnet Asset Management Inc. lifted its holdings in shares of SS&C Technologies by 34.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 559,444 shares of the technology company’s stock worth $42,395,000 after buying an additional 144,218 shares during the last quarter. Katamaran Capital LLP acquired a new position in shares of SS&C Technologies during the fourth quarter worth approximately $3,564,000. Resona Asset Management Co. Ltd. bought a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $4,736,000. Finally, Wells Fargo & Company MN grew its stake in shares of SS&C Technologies by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 646,126 shares of the technology company’s stock worth $48,963,000 after acquiring an additional 64,565 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Trading Down 7.0 %

SSNC stock opened at $74.35 on Monday. 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 firm has a market cap of $18.33 billion, a P/E ratio of 24.78 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The business’s 50 day moving average is $84.27 and its 200-day moving average is $78.50.

SS&C Technologies (NASDAQ:SSNC) last announced 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%. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.34%. SS&C Technologies’s dividend payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated 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 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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James upped their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note 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 company’s stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

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.