46,757 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Purchased by Fisher Funds Management LTD

Fisher Funds Management LTD purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 46,757 shares of the technology company’s stock, valued at approximately $3,544,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the 4th quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in SS&C Technologies during the fourth quarter worth $51,000. CENTRAL TRUST Co acquired a new position in SS&C Technologies during the fourth quarter worth $65,000. Global X Japan Co. Ltd. lifted its holdings in shares of SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of SS&C Technologies in the 3rd quarter valued at $68,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated 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. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,000 shares of company stock valued at $40,777,638. 15.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price 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. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Stock Down 0.6 %

NASDAQ SSNC opened at $88.60 on Monday. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.50. 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 stock has a fifty day moving average of $80.04 and a 200-day moving average of $76.29.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

About SS&C Technologies

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.