BI Asset Management Fondsmaeglerselskab A S Has $754,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

BI Asset Management Fondsmaeglerselskab A S raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 85.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,956 shares of the technology company's stock after purchasing an additional 4,580 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in SS&C Technologies were worth $754,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Boston Partners grew its stake in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Norges Bank bought a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $205,475,000. KBC Group NV grew its position in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SS&C Technologies during the fourth quarter worth approximately $49,179,000. Finally, Russell Investments Group Ltd. lifted its holdings in SS&C Technologies by 94.4% during the 4th quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company's stock worth $54,589,000 after purchasing an additional 349,820 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent research reports. Raymond James cut their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday. Needham & Company LLC dropped their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday. Finally, UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $91.86.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $0.69 during trading on Tuesday, hitting $74.07. 362,698 shares of the company's stock were exchanged, compared to its average volume of 1,266,050. The company has a market cap of $18.25 billion, a PE ratio of 24.66 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The stock's 50 day moving average price is $80.93 and its two-hundred day moving average price is $78.59.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company earned $1.28 EPS. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the company'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 directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

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.