Pictet Asset Management Holding SA Increases Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pictet Asset Management Holding SA boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 149,231 shares of the technology company’s stock after buying an additional 2,687 shares during the quarter. Pictet Asset Management Holding SA’s holdings in SS&C Technologies were worth $11,309,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after purchasing an additional 123 shares during the period. SkyView Investment Advisors LLC lifted its position in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after buying an additional 137 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after buying an additional 149 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of SS&C Technologies by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock worth $88,000 after buying an additional 158 shares during the period. Finally, Legacy Capital Group California Inc. increased its stake in shares of SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after acquiring an additional 164 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 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 owns 23,200 shares of the company’s stock, valued at $2,050,648. This trade 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.

SS&C Technologies Stock Up 0.5 %

SSNC stock opened at $83.42 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The stock has a market capitalization of $20.56 billion, a P/E ratio of 27.81 and a beta of 1.36. The business has a fifty day moving average price of $84.38 and a 200-day moving average price of $78.45.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results 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 business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 yield of 1.20%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SSNC shares. 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. Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC lifted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James increased their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five equities research 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, the stock has an average rating of “Buy” and an average 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.