Victory Capital Management Inc. Grows Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Victory Capital Management Inc. grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,454,937 shares of the technology company’s stock after acquiring an additional 286,643 shares during the period. Victory Capital Management Inc. owned about 0.59% of SS&C Technologies worth $110,255,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SSNC. Steward Partners Investment Advisory LLC raised its holdings in SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after acquiring an additional 123 shares in the last quarter. SkyView Investment Advisors LLC grew its position in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after acquiring an additional 149 shares during the last quarter. Legacy Capital Group California Inc. grew its position in shares of SS&C Technologies by 5.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after acquiring an additional 164 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of SS&C Technologies by 5.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after acquiring an additional 171 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Up 0.8 %

Shares of SSNC stock opened at $86.97 on Thursday. The firm has a 50-day moving average price of $81.82 and a 200 day moving average price of $77.12. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 28.99 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its 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 net margin of 12.93% and a return on equity of 18.30%. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the sale, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 226,700 shares of company stock valued at $18,547,125. 15.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. DA Davidson boosted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group boosted 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. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Raymond James lifted their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Company 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.