National Bank of Canada FI Raises Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

National Bank of Canada FI lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2,868.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,995 shares of the technology company’s stock after purchasing an additional 129,481 shares during the period. National Bank of Canada FI’s holdings in SS&C Technologies were worth $10,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of SSNC. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the fourth quarter valued at about $39,000. Parkside Financial Bank & Trust grew its position in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies during the 4th quarter valued at approximately $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were 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. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SSNC has been the topic of several research analyst reports. Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada increased their price target 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. Finally, DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Trading Down 7.0 %

Shares of SSNC stock opened at $74.35 on Friday. The company has a market cap of $18.33 billion, a PE ratio of 24.78 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The stock’s 50 day simple moving average is $84.27 and its two-hundred day simple moving average is $78.47. 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 (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.34%. SS&C Technologies’s payout ratio is 33.33%.

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.