Caisse DE Depot ET Placement DU Quebec Purchases Shares of 170,439 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 170,439 shares of the technology company's stock, valued at approximately $12,916,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.07% of SS&C Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the fourth quarter worth $39,000. Parkside Financial Bank & Trust raised its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies in the 4th quarter valued at about $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the 4th quarter worth about $64,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of SS&C Technologies during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $77.70 on Friday. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 25.90 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock's 50-day moving average is $79.91 and its 200-day moving average is $78.57.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies's dividend payout ratio is currently 31.06%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Royal Bank of Canada raised 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. Finally, Raymond James dropped 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 research note on Friday, April 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and an average target price of $91.86.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on 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 sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction 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 directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was 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 insiders.

SS&C Technologies 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.

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