Envestnet Asset Management Inc. Has $42.40 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Asset Management Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 34.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 559,444 shares of the technology company’s stock after buying an additional 144,218 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SS&C Technologies were worth $42,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of SSNC. Vanguard Group Inc. raised its position in shares of SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock valued at $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Boston Partners increased its stake in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after acquiring an additional 3,901,227 shares during the period. Cantillon Capital Management LLC raised its holdings in SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock valued at $343,517,000 after acquiring an additional 25,895 shares in the last quarter. Geode Capital Management LLC raised its holdings in SS&C Technologies by 1.8% in the 3rd 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, Norges Bank bought a new stake in shares of SS&C Technologies in the 4th quarter worth approximately $205,475,000. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

SSNC has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James boosted their price target 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. Finally, 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 report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $97.50.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % 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, SVP Jason Douglas White sold 71,000 shares of the firm’s 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 in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $74.98 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 24.99 and a beta of 1.31. The firm’s 50 day moving average is $83.53 and its 200-day moving average is $78.42. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73.

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, 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.33%. 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.