Wellington Management Group LLP Grows Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wellington Management Group LLP increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,193 shares of the technology company’s stock after acquiring an additional 161 shares during the quarter. Wellington Management Group LLP’s holdings in SS&C Technologies were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Vanguard Group Inc. grew its holdings in shares of SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock valued at $1,531,895,000 after purchasing an additional 239,438 shares during the period. Boston Partners increased its stake in SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after buying an additional 3,901,227 shares during the period. Cantillon Capital Management LLC increased its position in shares of SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after acquiring an additional 25,895 shares during the period. Norges Bank acquired a new position in SS&C Technologies during the 4th quarter worth $205,475,000. Finally, Swedbank AB increased its holdings in SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after purchasing an additional 261,275 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Up 1.7 %

NASDAQ SSNC opened at $77.38 on Tuesday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 25.79 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s fifty day moving average price is $83.34 and its 200 day moving average price is $78.49.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SSNC shares. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target 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, February 7th. Raymond James increased their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. Needham & Company LLC lifted their price objective 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. Finally, DA Davidson dropped their target price on SS&C Technologies from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $97.17.

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.