Lansforsakringar Fondforvaltning AB publ Purchases New Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,697 shares of the technology company's stock, valued at approximately $5,736,000.

A number of other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust grew its holdings 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 buying an additional 229 shares during the period. Colonial Trust Co SC grew its holdings in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the period. True Wealth Design LLC grew its holdings in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares during the period. Finally, Financial Perspectives Inc purchased a new stake in SS&C Technologies in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 1.8%

SS&C Technologies stock traded down $1.48 during midday trading on Monday, hitting $79.33. 1,060,478 shares of the company were exchanged, compared to its average volume of 1,315,165. The company's fifty day moving average price is $77.91 and its 200-day moving average price is $79.47. The company has a market cap of $19.57 billion, a PE ratio of 26.44 and a beta of 1.24. 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 fifty-two week low of $60.18 and a fifty-two week high of $89.73.

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

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director now directly owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SSNC has been the subject of several recent analyst reports. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC lowered their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $91.86.

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.