Ensign Peak Advisors Inc Buys 5,942 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ensign Peak Advisors Inc lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,649 shares of the technology company’s stock after purchasing an additional 5,942 shares during the quarter. Ensign Peak Advisors Inc’s holdings in SS&C Technologies were worth $6,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of SS&C Technologies by 993.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock valued at $26,924,000 after purchasing an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after purchasing an additional 11,077 shares during the period. Benson Investment Management Company Inc. bought a new stake in shares of SS&C Technologies during the 4th quarter valued at $5,578,000. Finally, Swedbank AB raised its stake in shares of SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after purchasing an additional 261,275 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. UBS Group boosted 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. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James reduced their target price on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. Finally, DA Davidson reduced their target price on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $91.86.

SS&C Technologies Price Performance

SSNC opened at $79.66 on Wednesday. The stock has a 50-day moving average price of $78.63 and a 200-day moving average price of $78.72. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 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 stock has a market capitalization of $19.65 billion, a P/E ratio of 26.55 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s payout ratio is currently 31.06%.

Insider Transactions at SS&C Technologies

In other news, 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 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. The trade was a 91.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were 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 of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

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.