Principal Securities Inc. Boosts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Principal Securities Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 163.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,005 shares of the technology company’s stock after purchasing an additional 1,864 shares during the quarter. Principal Securities Inc.’s holdings in SS&C Technologies were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. State Street Corp raised its stake in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares in the last quarter. FMR LLC lifted its position 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 valued at $295,657,000 after purchasing an additional 58,389 shares during the period. Geode Capital Management LLC grew its stake in SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after acquiring an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in shares of SS&C Technologies by 9.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock worth $171,889,000 after purchasing an additional 198,111 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly 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. Insiders sold 520,000 shares of company stock worth $40,777,638 in the last 90 days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 0.6 %

Shares of SS&C Technologies stock opened at $88.60 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.50. 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 firm has a fifty day moving average price of $80.04 and a 200 day moving average price of $76.29. The stock has a market cap of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 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 research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

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

Analyst Ratings Changes

SSNC has been the subject of several analyst reports. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company 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 stock a “buy” rating in a research report on Monday, February 3rd. DA Davidson increased their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Company 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.