Yousif Capital Management LLC Raises Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Yousif Capital Management LLC boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,749 shares of the technology company’s stock after purchasing an additional 374 shares during the period. Yousif Capital Management LLC’s holdings in SS&C Technologies were worth $360,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in 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 acquiring an additional 817,501 shares during the last quarter. KBC Group NV lifted its holdings in SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. boosted its position in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares during the period. Two Sigma Advisers LP increased its stake in shares of SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after purchasing an additional 337,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after purchasing an additional 275,186 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SSNC shares. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted 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. Raymond James raised their target price 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. Finally, DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $88.66 on Tuesday. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.25. The stock has a fifty day moving average of $79.08 and a 200 day moving average of $75.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last issued 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 return on equity of 18.30% and a net margin of 12.93%. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the 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 transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last three months. 15.40% of the stock is owned by insiders.

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.