Castlekeep Investment Advisors LLC Makes New $2.12 Million Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Castlekeep Investment Advisors LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,963 shares of the technology company's stock, valued at approximately $2,119,000.

A number of other institutional investors have also modified their holdings of the company. Truist Financial Corp grew its stake in shares of SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after buying an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after acquiring an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after purchasing an additional 11,077 shares during the period. Benson Investment Management Company Inc. purchased a new position in shares of SS&C Technologies in the 4th quarter worth about $5,578,000. Finally, Swedbank AB lifted its stake in shares of SS&C Technologies by 17.5% in the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock valued at $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Stock Performance

SSNC stock traded down $0.10 on Friday, reaching $77.61. The company's stock had a trading volume of 1,256,769 shares, compared to its average volume of 1,304,912. The firm has a fifty day moving average of $78.87 and a two-hundred day moving average of $78.62. 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 company has a market capitalization of $19.14 billion, a P/E ratio of 25.87 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 earnings per share. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

SSNC has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. UBS Group raised 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. DA Davidson dropped their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC lowered their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $91.86.

Insider Buying and Selling at SS&C Technologies

In other news, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value 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 approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

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.