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

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

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

SS&C Technologies Price Performance

SSNC stock traded up $1.04 during trading on Tuesday, hitting $80.83. 148,512 shares of the company's stock traded hands, compared to its average volume of 1,311,346. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 26.92 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. The business has a fifty day simple moving average of $78.15 and a 200 day simple moving average of $79.26.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction dated 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 purchase, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This 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 insiders.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC lowered 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. Finally, DA Davidson lowered 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 report on Monday, April 28th. One research 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. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and an average 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.