Charles Schwab Investment Management Inc. Increases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Charles Schwab Investment Management Inc. lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 830,001 shares of the technology company’s stock after buying an additional 34,989 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.34% of SS&C Technologies worth $62,897,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares during the period. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at about $51,000. CENTRAL TRUST Co purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at about $65,000. Finally, Global X Japan Co. Ltd. grew its stake in SS&C Technologies by 193.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after purchasing an additional 574 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of SSNC opened at $81.53 on Thursday. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 27.18 and a beta of 1.36. The stock has a 50 day moving average of $82.63 and a 200-day moving average of $77.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James raised their price objective on 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. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. 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. Finally, UBS Group raised their price objective 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. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $97.50.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

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.