4,533 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,533 shares of the technology company's stock, valued at approximately $343,000.

Other institutional investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in SS&C Technologies in the fourth quarter valued at $2,119,000. Baird Financial Group Inc. increased its position in shares of SS&C Technologies by 4.2% during the 4th quarter. Baird Financial Group Inc. now owns 7,976 shares of the technology company's stock valued at $604,000 after purchasing an additional 323 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after buying an additional 880,058 shares in the last quarter. Benjamin Edwards Inc. lifted its position in SS&C Technologies by 12.7% in the 4th quarter. Benjamin Edwards Inc. now owns 66,217 shares of the technology company's stock worth $5,018,000 after buying an additional 7,441 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in SS&C Technologies in the fourth quarter worth approximately $12,916,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $77.61 on Friday. The firm has a market capitalization of $19.14 billion, a PE ratio of 25.87 and a beta of 1.24. The company has a 50 day moving average price of $78.87 and a 200-day moving average price of $78.60. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Analysts Set New Price Targets

SSNC has been the subject of a number of recent research reports. UBS Group boosted their price objective 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. Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. DA Davidson decreased their price objective 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. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $91.86.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael acquired 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the transaction, the director now directly owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company's stock, 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. Company insiders own 16.40% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.