SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,017,953 shares of the technology company's stock after purchasing an additional 161,165 shares during the quarter. Mackenzie Financial Corp owned about 0.41% of SS&C Technologies worth $62,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisor Group Holdings Inc. grew its holdings in SS&C Technologies by 0.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 25,838 shares of the technology company's stock worth $1,346,000 after purchasing an additional 162 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of SS&C Technologies by 2.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,583 shares of the technology company's stock valued at $395,000 after buying an additional 181 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of SS&C Technologies by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company's stock valued at $261,000 after buying an additional 192 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of SS&C Technologies by 2.1% during the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company's stock valued at $565,000 after buying an additional 194 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of SS&C Technologies by 0.3% during the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company's stock valued at $3,750,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. DA Davidson reiterated a "buy" rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday. Truist Financial increased their price target on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a report on Wednesday, February 14th. Citigroup increased their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, February 15th. UBS Group increased their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.78.

SS&C Technologies Stock Performance

SSNC traded down $0.04 during trading on Wednesday, hitting $60.24. The company's stock had a trading volume of 765,229 shares, compared to its average volume of 960,692. The firm has a market cap of $14.89 billion, a PE ratio of 25.31 and a beta of 1.43. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86. The business's 50 day simple moving average is $62.89 and its 200-day simple moving average is $58.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. SS&C Technologies's payout ratio is 40.34%.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.