Mariner LLC Boosts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mariner LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 304.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,921 shares of the technology company’s stock after buying an additional 67,704 shares during the quarter. Mariner LLC’s holdings in SS&C Technologies were worth $6,814,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp grew its position in shares of SS&C Technologies by 82.0% during the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in 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 worth $26,924,000 after purchasing an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in SS&C Technologies by 3.5% in the fourth 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. purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at about $5,578,000. Finally, Swedbank AB boosted its stake in shares of SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after buying an additional 261,275 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 0.3 %

NASDAQ:SSNC opened at $76.33 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average price of $82.60 and a two-hundred day moving average price of $78.53. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 25.44 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data 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 net margin of 12.93% and a return on equity of 18.30%. As a group, 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 1.31%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the 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 sale, the director now owns 23,200 shares in the company, 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. 16.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SSNC. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. DA Davidson dropped their target price on SS&C Technologies from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, April 11th. UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock 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 research report on Friday, February 7th. Finally, Needham & Company LLC upped their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $97.17.

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.