AQR Capital Management LLC Purchases 780,616 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

AQR Capital Management LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,270,232 shares of the technology company's stock after buying an additional 780,616 shares during the quarter. AQR Capital Management LLC owned about 0.92% of SS&C Technologies worth $172,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SSNC. Northern Trust Corp increased its position in shares of SS&C Technologies by 10.5% during the fourth quarter. Northern Trust Corp now owns 1,426,304 shares of the technology company's stock worth $108,085,000 after acquiring an additional 135,073 shares in the last quarter. Capital Analysts LLC increased its position in shares of SS&C Technologies by 5.0% during the fourth quarter. Capital Analysts LLC now owns 48,014 shares of the technology company's stock worth $3,638,000 after acquiring an additional 2,306 shares in the last quarter. Snyder Capital Management L P increased its position in shares of SS&C Technologies by 6.9% during the fourth quarter. Snyder Capital Management L P now owns 1,713,013 shares of the technology company's stock worth $129,812,000 after acquiring an additional 110,153 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of SS&C Technologies during the fourth quarter worth $336,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of SS&C Technologies by 24.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,865 shares of the technology company's stock worth $596,000 after acquiring an additional 1,539 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 up $0.07 during trading hours on Thursday, reaching $75.67. The stock had a trading volume of 1,453,001 shares, compared to its average volume of 1,277,477. The stock has a 50-day simple moving average of $80.13 and a 200 day simple moving average of $78.54. 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 stock has a market capitalization of $18.65 billion, a PE ratio of 25.22 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion during 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%. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective 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. 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 research report on Friday, April 25th. DA Davidson decreased their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada raised their target price 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. Finally, StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target 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.