KLP Kapitalforvaltning AS Buys Shares of 72,000 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

KLP Kapitalforvaltning AS purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 72,000 shares of the technology company’s stock, valued at approximately $5,456,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hillsdale Investment Management Inc. boosted its stake in shares of SS&C Technologies by 3.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 11,430 shares of the technology company’s stock valued at $866,000 after purchasing an additional 400 shares in the last quarter. American Century Companies Inc. boosted its position in SS&C Technologies by 115.0% in the fourth quarter. American Century Companies Inc. now owns 43,094 shares of the technology company’s stock valued at $3,266,000 after buying an additional 23,049 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of SS&C Technologies by 15.7% during the fourth quarter. TD Private Client Wealth LLC now owns 23,824 shares of the technology company’s stock worth $1,805,000 after buying an additional 3,229 shares during the last quarter. First National Bank of Hutchinson increased its holdings in shares of SS&C Technologies by 3.5% during the fourth quarter. First National Bank of Hutchinson now owns 11,282 shares of the technology company’s stock worth $855,000 after buying an additional 379 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of SS&C Technologies by 18.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 92,948 shares of the technology company’s stock valued at $7,044,000 after acquiring an additional 14,716 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 71,000 shares of the business’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 sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred 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 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. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

SSNC has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com upgraded 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 boosted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James raised their price target 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. Finally, DA Davidson boosted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. 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 data from MarketBeat.com, SS&C Technologies has a consensus rating of “Buy” and an average target price of $97.50.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $83.31 on Wednesday. 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 has a market capitalization of $20.53 billion, a PE ratio of 27.77 and a beta of 1.36. The firm has a fifty day simple moving average of $83.88 and a 200 day simple moving average of $78.07. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73.

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

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies’s payout ratio is presently 33.33%.

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.