SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 130,089 shares of the technology company’s stock after purchasing an additional 2,726 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SS&C Technologies were worth $9,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Toronto Dominion Bank increased 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 worth $2,385,000 after acquiring an additional 6,721 shares in the last quarter. State Street Corp grew its position in SS&C Technologies by 2.2% during 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. ZWJ Investment Counsel Inc. lifted its holdings in shares of SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after purchasing an additional 11,077 shares in the last quarter. Benson Investment Management Company Inc. purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at $5,578,000. Finally, Swedbank AB grew its holdings in shares of SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after buying an additional 261,275 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SSNC has been the subject of several research analyst reports. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, DA Davidson boosted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Trading Down 0.2 %

NASDAQ:SSNC opened at $88.45 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $80.54 and its 200-day moving average is $76.55. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 29.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 451,000 shares of company stock valued at $35,459,808. 15.40% of the stock is 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.