Vinva Investment Management Ltd Acquires 17,853 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vinva Investment Management Ltd boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 68.8% in the 4th quarter, Holdings Channel reports. The firm owned 43,792 shares of the technology company’s stock after buying an additional 17,853 shares during the quarter. Vinva Investment Management Ltd’s holdings in SS&C Technologies were worth $3,313,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its position in shares of SS&C Technologies by 27.1% during the fourth quarter. Xponance Inc. now owns 23,787 shares of the technology company’s stock worth $1,803,000 after acquiring an additional 5,068 shares during the period. 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 worth $400,161,000 after acquiring an additional 3,901,227 shares during the period. Delphi Management Inc. MA increased its position in shares of SS&C Technologies by 0.9% during the fourth quarter. Delphi Management Inc. MA now owns 20,883 shares of the technology company’s stock worth $1,583,000 after acquiring an additional 182 shares during the period. Sovereign Investment Advisors LLC purchased a new position in shares of SS&C Technologies during the fourth quarter worth approximately $216,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of SS&C Technologies by 81.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,724 shares of the technology company’s stock worth $661,000 after acquiring an additional 3,925 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several research reports. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Jefferies Financial Group raised shares of 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 report on Monday, February 3rd. UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Five equities research 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, the stock currently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Up 1.3 %

SSNC stock opened at $82.85 on Thursday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The stock has a market capitalization of $20.42 billion, a P/E ratio of 27.62 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. The firm has a 50-day simple moving average of $83.33 and a 200-day simple moving average of $77.79.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.21%. SS&C Technologies’s payout ratio is 33.33%.

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.