SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 173.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 680,915 shares of the technology company's stock after purchasing an additional 431,643 shares during the period. Royal Bank of Canada owned approximately 0.27% of SS&C Technologies worth $51,600,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truist Financial Corp grew its position in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in SS&C Technologies by 993.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after purchasing an additional 322,781 shares during the last quarter. Swedbank AB boosted its holdings in shares of SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock valued at $132,860,000 after acquiring an additional 261,275 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock valued at $8,188,000 after acquiring an additional 104,006 shares in the last quarter. Finally, Fisher Funds Management LTD purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at about $3,544,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SSNC. Needham & Company LLC lowered their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, DA Davidson reduced their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. 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's stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $91.86.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the 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. This represents a 49.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost 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 of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Up 1.1%

SS&C Technologies stock traded up $0.89 during trading on Friday, reaching $79.79. The company had a trading volume of 1,135,292 shares, compared to its average volume of 1,315,832. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The stock's 50 day moving average price is $78.22 and its two-hundred day moving average price is $79.19. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 26.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.