Empowered Funds LLC Buys 104,006 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Empowered Funds LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2,569.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,054 shares of the technology company’s stock after buying an additional 104,006 shares during the period. Empowered Funds LLC’s holdings in SS&C Technologies were worth $8,188,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SSNC. Janus Henderson Group PLC grew its position in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. State Street Corp boosted its holdings in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares in the last quarter. FMR LLC increased its position in shares of SS&C Technologies by 1.5% during the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of SS&C Technologies by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after buying an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its position in SS&C Technologies by 9.4% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock worth $171,889,000 after buying an additional 198,111 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 6.0 %

NASDAQ SSNC opened at $86.71 on Monday. 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 Holdings, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $87.50. The stock has a market cap of $21.48 billion, a P/E ratio of 28.90 and a beta of 1.38. The stock has a 50 day simple moving average of $77.69 and a two-hundred day simple moving average of $75.08.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of research analysts have commented on SSNC shares. Raymond James increased 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. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $88.25.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is currently owned by corporate insiders.

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.