Janus Henderson Group PLC Boosts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Janus Henderson Group PLC grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,598,958 shares of the technology company’s stock after purchasing an additional 539,483 shares during the period. SS&C Technologies makes up about 0.6% of Janus Henderson Group PLC’s holdings, making the stock its 20th largest holding. Janus Henderson Group PLC owned about 6.70% of SS&C Technologies worth $1,257,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its stake in SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after buying an additional 123 shares during the last quarter. EP Wealth Advisors LLC grew its position in SS&C Technologies by 2.0% during the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock worth $531,000 after purchasing an additional 139 shares during the last quarter. Global Retirement Partners LLC increased its position in SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after acquiring an additional 149 shares during the period. Farther Finance Advisors LLC raised its stake in SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock worth $242,000 after acquiring an additional 161 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC opened at $77.61 on Friday. The company has a 50-day moving average of $78.87 and a two-hundred day moving average of $78.62. The stock has a market cap of $19.14 billion, a P/E ratio of 25.87 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. 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 posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. SS&C Technologies’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s payout ratio is 31.06%.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred 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. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SSNC shares. DA Davidson dropped their target price on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, April 28th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Needham & Company LLC decreased their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Buy” and an average target price of $91.86.

About SS&C Technologies

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.