Choreo LLC Purchases 16,600 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Choreo LLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 253.6% in the 4th quarter, HoldingsChannel reports. The firm owned 23,145 shares of the technology company’s stock after buying an additional 16,600 shares during the period. Choreo LLC’s holdings in SS&C Technologies were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 5.4% in the third 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 during the last quarter. KBC Group NV raised its stake in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after acquiring an additional 424,487 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after acquiring an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock worth $66,581,000 after acquiring an additional 275,186 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Up 6.0 %

Shares of NASDAQ:SSNC opened at $86.71 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $87.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $21.48 billion, a PE ratio of 31.08 and a beta of 1.38. The company has a 50 day moving average price of $77.51 and a two-hundred day moving average price of $74.84.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were 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 was Monday, December 2nd. SS&C Technologies’s payout ratio is presently 35.84%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction 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 represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,000 shares of company stock valued at $34,461,478. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of research analyst reports. Jefferies Financial Group raised 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 note on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group lifted 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 report on Monday, February 3rd. Raymond James lifted their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $88.25.

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.