CIBC Asset Management Inc Has $747,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

CIBC Asset Management Inc boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,857 shares of the technology company’s stock after buying an additional 1,119 shares during the period. CIBC Asset Management Inc’s holdings in SS&C Technologies were worth $747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the fourth quarter valued at about $65,000. Global X Japan Co. Ltd. raised its holdings in shares of SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after purchasing an additional 574 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of SS&C Technologies during the third quarter valued at about $68,000. Versant Capital Management Inc raised its holdings in shares of SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of SS&C Technologies during the third quarter valued at about $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Down 0.6 %

NASDAQ:SSNC opened at $88.60 on Friday. 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 firm has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.50. The firm has a 50-day moving average price of $80.04 and a two-hundred day moving average price of $76.24.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data 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 12.93% and a return on equity of 18.30%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of the firm’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 transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 520,000 shares of company stock worth $40,777,638. Insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SSNC shares. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. 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. 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. Raymond James boosted their target price 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, February 7th. Finally, 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 report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to 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.