BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 6,907 Shares of SS&C Technologies Holdings, Inc. (SSNC)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 54,324 shares of the technology company’s stock after acquiring an additional 6,907 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in SS&C Technologies were worth $2,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. FMR LLC increased its position in SS&C Technologies by 14.9% in the 3rd quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after acquiring an additional 1,161,159 shares during the period. Frontier Capital Management Co. LLC increased its position in SS&C Technologies by 37.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock valued at $173,581,000 after acquiring an additional 1,042,182 shares during the period. Bank of New York Mellon Corp increased its position in SS&C Technologies by 54.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,858,968 shares of the technology company’s stock valued at $162,477,000 after acquiring an additional 1,010,118 shares during the period. Cantillon Capital Management LLC increased its position in SS&C Technologies by 37.1% in the 4th quarter. Cantillon Capital Management LLC now owns 3,561,949 shares of the technology company’s stock valued at $160,679,000 after acquiring an additional 963,878 shares during the period. Finally, Legal & General Group Plc increased its position in SS&C Technologies by 183.2% in the 3rd quarter. Legal & General Group Plc now owns 777,930 shares of the technology company’s stock valued at $44,210,000 after acquiring an additional 503,199 shares during the period. Hedge funds and other institutional investors own 83.47% of the company’s stock.

SSNC opened at $62.21 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $40.96 and a twelve month high of $64.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.78. The firm has a market cap of $15.68 billion, a PE ratio of 23.74, a PEG ratio of 1.44 and a beta of 1.22.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 14th. The technology company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. SS&C Technologies had a net margin of 3.01% and a return on equity of 16.27%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.54 earnings per share. SS&C Technologies’s revenue for the quarter was up 157.8% compared to the same quarter last year. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 3.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 28th. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. SS&C Technologies’s dividend payout ratio is 15.27%.

SSNC has been the subject of several recent research reports. Needham & Company LLC restated a “strong-buy” rating and issued a $75.00 price target (up from $70.00) on shares of SS&C Technologies in a research report on Friday, February 15th. Buckingham Research initiated coverage on shares of SS&C Technologies in a research report on Thursday, January 24th. They issued a “buy” rating and a $65.00 price target for the company. JPMorgan Chase & Co. set a $70.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a research report on Friday, February 15th. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada increased their price objective on shares of SS&C Technologies to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 15th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and four have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $66.27.

In other news, CFO Patrick J. Pedonti sold 157,500 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the completion of the sale, the chief financial officer now directly owns 57,500 shares in the company, valued at $3,416,075. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.50% of the company’s stock.

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SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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