SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 674,738 shares of the technology company’s stock after purchasing an additional 76,850 shares during the period. Natixis Advisors LLC’s holdings in SS&C Technologies were worth $51,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $65,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of SSNC opened at $81.41 on Friday. The firm has a 50-day moving average price of $82.94 and a 200 day moving average price of $77.63. The firm has a market capitalization of $20.07 billion, a PE ratio of 27.14 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week 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 (EPS) for the quarter, beating 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%. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s 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 directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SSNC. UBS Group upped their price target on shares of 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 shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $97.50.

About SS&C Technologies

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.