Brandes Investment Partners LP Raises Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Brandes Investment Partners LP raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 40.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 961,149 shares of the technology company’s stock after acquiring an additional 279,139 shares during the period. Brandes Investment Partners LP owned approximately 0.39% of SS&C Technologies worth $72,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SSNC. Janus Henderson Group PLC increased its position in shares of SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. KBC Group NV increased its position in shares of SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $49,179,000. Point72 Asset Management L.P. increased its position in shares of SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after purchasing an additional 424,487 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in shares of SS&C Technologies by 278.5% during the 4th quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company’s stock valued at $35,338,000 after purchasing an additional 343,105 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Up 1.8 %

Shares of NASDAQ SSNC opened at $81.41 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $20.07 billion, a P/E ratio of 27.14 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The business has a fifty day moving average price of $82.84 and a 200 day moving average price of $77.55.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data 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 return on equity of 18.30% and a net margin of 12.93%. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

SSNC has been the topic of several research analyst reports. Raymond James upped their price objective on 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. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. 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 company currently has an average rating of “Buy” and an average price target of $97.50.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated 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 sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now 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. 15.40% of the stock is currently owned by company insiders.

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.