Loomis Sayles & Co. L P Has $19.03 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Loomis Sayles & Co. L P lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 50.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 251,073 shares of the technology company’s stock after buying an additional 83,689 shares during the period. Loomis Sayles & Co. L P’s holdings in SS&C Technologies were worth $19,026,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Boston Partners grew 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 worth $400,161,000 after buying an additional 3,901,227 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of SS&C Technologies by 5.4% during 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 in the last quarter. KBC Group NV increased its stake in SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SS&C Technologies during the fourth quarter valued at approximately $49,179,000. Finally, Point72 Asset Management L.P. lifted its stake 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 last quarter. Institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James lifted 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. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Down 2.0 %

Shares of NASDAQ SSNC opened at $81.98 on Friday. The company has a 50 day simple moving average of $84.15 and a 200 day simple moving average of $78.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The firm has a market cap of $20.21 billion, a PE ratio of 27.33 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results 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 net margin of 12.93% and a return on equity of 18.30%. On average, research 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. SS&C Technologies’s payout ratio is 33.33%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at $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 is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

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.