Ensign Peak Advisors Inc Grows Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ensign Peak Advisors Inc boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,649 shares of the technology company's stock after purchasing an additional 5,942 shares during the quarter. Ensign Peak Advisors Inc's holdings in SS&C Technologies were worth $6,415,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Boston Partners grew its holdings in shares of SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Norges Bank bought a new position in SS&C Technologies during the 4th quarter worth about $205,475,000. Bank of America Corp DE grew its holdings in SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after acquiring an additional 880,058 shares in the last quarter. Senator Investment Group LP grew its holdings in SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after acquiring an additional 869,175 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.09 during trading on Friday, hitting $79.60. 1,558,481 shares of the stock traded hands, compared to its average volume of 1,307,077. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $19.63 billion, a price-to-earnings ratio of 26.53 and a beta of 1.24. The company has a fifty day moving average price of $78.40 and a two-hundred day moving average price of $78.85. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73.

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

Analyst Ratings Changes

Several research analysts have issued reports on SSNC shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Needham & Company LLC decreased their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $91.86.

Insider Buying and Selling

In other news, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the transaction, the director now owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,500 shares of company stock valued at $9,348,130. 16.40% of the stock is owned by corporate insiders.

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.