SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,736 shares of the technology company’s stock after acquiring an additional 13,772 shares during the period. Van ECK Associates Corp’s holdings in SS&C Technologies were worth $6,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Janus Henderson Group PLC lifted 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 worth $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. State Street Corp increased 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 valued at $417,370,000 after acquiring an additional 121,223 shares during the last quarter. FMR LLC raised its holdings in SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 worth $268,075,000 after acquiring an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of 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 valued at $171,889,000 after purchasing an additional 198,111 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.1 %

SSNC stock opened at $88.66 on Tuesday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.25. The firm has a market capitalization of $21.96 billion, a PE ratio of 29.55 and a beta of 1.38. The company’s 50 day simple moving average is $79.08 and its 200-day simple moving average is $75.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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 expect that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SSNC shares. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada boosted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $97.50.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 449,000 shares of company stock worth $34,461,478. 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.