SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,988 shares of the technology company’s stock after acquiring an additional 5,657 shares during the period. TD Asset Management Inc’s holdings in SS&C Technologies were worth $3,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of SS&C Technologies in the third quarter valued at $496,000. J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of SS&C Technologies by 9.6% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 18,567 shares of the technology company’s stock worth $976,000 after acquiring an additional 1,634 shares during the last quarter. Amalgamated Bank raised its position in shares of SS&C Technologies by 15.1% during the third quarter. Amalgamated Bank now owns 24,846 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 3,258 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of SS&C Technologies by 3.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 45,430 shares of the technology company’s stock valued at $2,387,000 after purchasing an additional 1,595 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in SS&C Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 731,670 shares of the technology company’s stock worth $38,442,000 after purchasing an additional 10,187 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SSNC shares. Truist Financial raised their target price on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Citigroup lifted their price objective on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada raised their target price on SS&C Technologies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, TheStreet raised SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $70.20.

Get Our Latest Report on SS&C Technologies

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $62.07 on Friday. 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 moving average price is $62.18 and its two-hundred day moving average price is $61.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $15.35 billion, a P/E ratio of 24.73 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, June 3rd. SS&C Technologies’s payout ratio is 38.25%.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the sale, the director now owns 38,000 shares in the company, valued at approximately $2,429,720. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 25,000 shares of company stock worth $1,574,300 over the last three months. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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