QRG Capital Management Inc. Purchases 2,620 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

QRG Capital Management Inc. raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,566 shares of the technology company’s stock after purchasing an additional 2,620 shares during the period. QRG Capital Management Inc.’s holdings in SS&C Technologies were worth $4,059,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SSNC. International Assets Investment Management LLC boosted its stake in SS&C Technologies by 7,320.0% in the third quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock worth $165,000 after buying an additional 2,196 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SS&C Technologies by 49.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,865 shares of the technology company’s stock valued at $951,000 after purchasing an additional 4,262 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of SS&C Technologies by 95.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,353 shares of the technology company’s stock valued at $917,000 after purchasing an additional 6,027 shares during the last quarter. Nisa Investment Advisors LLC raised its position in SS&C Technologies by 11,789.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,156 shares of the technology company’s stock worth $1,941,000 after purchasing an additional 25,936 shares during the period. Finally, abrdn plc boosted its position in SS&C Technologies by 39.0% during the third quarter. abrdn plc now owns 43,183 shares of the technology company’s stock valued at $3,205,000 after buying an additional 12,119 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 474,000 shares of company stock valued at $37,492,778. 15.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Price Performance

SSNC opened at $89.05 on Friday. 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 market capitalization of $22.06 billion, a PE ratio of 29.68 and a beta of 1.38. The stock’s 50 day moving average price is $81.37 and its 200-day moving average price is $76.88. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data 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, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.12%. SS&C Technologies’s dividend payout ratio (DPR) 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.