Canada Pension Plan Investment Board Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Canada Pension Plan Investment Board grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 338.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,300 shares of the technology company's stock after buying an additional 14,900 shares during the quarter. Canada Pension Plan Investment Board's holdings in SS&C Technologies were worth $1,463,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mariner LLC lifted its holdings in SS&C Technologies by 304.7% in the fourth quarter. Mariner LLC now owns 89,921 shares of the technology company's stock worth $6,814,000 after buying an additional 67,704 shares during the period. Townsquare Capital LLC grew its stake in SS&C Technologies by 51.5% in the fourth quarter. Townsquare Capital LLC now owns 5,161 shares of the technology company's stock worth $391,000 after purchasing an additional 1,754 shares during the period. Treasurer of the State of North Carolina raised its holdings in SS&C Technologies by 2.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 215,214 shares of the technology company's stock worth $16,309,000 after purchasing an additional 5,012 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SS&C Technologies during the 4th quarter valued at $49,179,000. Finally, Martingale Asset Management L P grew its position in shares of SS&C Technologies by 7.4% in the 4th quarter. Martingale Asset Management L P now owns 49,237 shares of the technology company's stock worth $3,731,000 after buying an additional 3,390 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 directly 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 disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SSNC shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday. DA Davidson cut their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

SSNC stock traded up $0.55 on Tuesday, hitting $73.93. The company had a trading volume of 280,760 shares, compared to its average volume of 1,513,078. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 24.64 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. The stock's 50-day simple moving average is $80.93 and its 200 day simple moving average is $78.59. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73.

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

SS&C Technologies Dividend Announcement

The firm also recently disclosed 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 1.35%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is 31.06%.

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.