Nordea Investment Management AB Acquires 2,129 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nordea Investment Management AB increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 237,240 shares of the technology company’s stock after purchasing an additional 2,129 shares during the quarter. Nordea Investment Management AB’s holdings in SS&C Technologies were worth $18,028,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock worth $2,385,000 after buying an additional 6,721 shares during the period. State Street Corp lifted its holdings in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. National Pension Service boosted its position in shares of SS&C Technologies by 5.4% in the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after purchasing an additional 27,336 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of SS&C Technologies by 64.8% in the third quarter. Assenagon Asset Management S.A. now owns 172,712 shares of the technology company’s stock worth $12,817,000 after purchasing an additional 67,915 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of SS&C Technologies during the 3rd quarter valued at $2,219,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

SSNC stock opened at $76.01 on Thursday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.18 and a 52 week high of $77.69. The firm has a market capitalization of $18.83 billion, a P/E ratio of 27.24 and a beta of 1.37. The company has a fifty day simple moving average of $75.32 and a two-hundred day simple moving average of $72.62. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James increased their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $77.75.

Insiders Place Their Bets

In other SS&C Technologies news, 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 completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 449,000 shares of company stock valued at $34,461,478 over the last three months. 15.40% of the stock is owned by company insiders.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.