SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 330,352 shares of the technology company’s stock after acquiring an additional 11,077 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.13% of SS&C Technologies worth $25,034,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its position in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after purchasing an additional 6,721 shares during the period. State Street Corp lifted its stake in 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 valued at $417,370,000 after buying an additional 121,223 shares in the last quarter. Benson Investment Management Company Inc. acquired a new stake in SS&C Technologies in the 4th quarter worth about $5,578,000. Meyer Handelman Co. increased its stake in SS&C Technologies by 13.0% during the 4th quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock worth $5,659,000 after buying an additional 8,588 shares in the last quarter. Finally, National Pension Service lifted its position in shares of SS&C Technologies by 5.4% in the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after acquiring an additional 27,336 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

SSNC has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Raymond James increased their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Activity

In related news, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. 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. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.8 %

Shares of NASDAQ SSNC opened at $78.50 on Tuesday. The company has a market capitalization of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. 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 company has a 50 day simple moving average of $76.05 and a 200-day simple moving average of $73.52. SS&C Technologies Holdings, Inc. has a 1 year low of $59.20 and a 1 year high of $79.59.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 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. Shareholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

SS&C Technologies Profile

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.