SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,526 shares of the technology company's stock after purchasing an additional 72,775 shares during the period. Invesco Ltd. owned 0.19% of SS&C Technologies worth $35,656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Kestra Investment Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth $39,000. Parkside Financial Bank & Trust boosted its position in SS&C Technologies by 76.1% in the fourth 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 last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies during the 4th quarter worth approximately $51,000. Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the fourth quarter worth $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC traded up $1.94 during trading hours on Tuesday, hitting $75.49. 1,197,563 shares of the stock were exchanged, compared to its average volume of 1,252,917. The stock's 50-day moving average price is $82.04 and its two-hundred day moving average price is $78.54. 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 company has a market cap of $18.60 billion, a price-to-earnings ratio of 25.16 and a beta of 1.31. 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 posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group upgraded 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. DA Davidson cut their target price on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a report on Friday, April 11th. Raymond James raised their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $97.17.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies 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 trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

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.