Y Intercept Hong Kong Ltd Purchases New Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Y Intercept Hong Kong Ltd bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,804 shares of the technology company's stock, valued at approximately $1,237,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $205,475,000. Bank of America Corp DE boosted its stake in shares of SS&C Technologies by 64.9% in the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after purchasing an additional 880,058 shares during the period. Senator Investment Group LP grew its holdings in SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after purchasing an additional 869,175 shares in the last quarter. AQR Capital Management LLC lifted its holdings in SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after buying an additional 780,616 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of SS&C Technologies by 1,135.3% during the first quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock valued at $59,064,000 after acquiring an additional 649,864 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of analyst reports. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday. Raymond James Financial boosted their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday. DA Davidson increased their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group upped their price target on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Buy" and a consensus price target of $97.13.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director directly owned 12,476 shares of the company's stock, valued at approximately $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director owned 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.40% of the stock is owned by corporate insiders.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $0.67 during midday trading on Friday, reaching $85.18. The company's stock had a trading volume of 1,581,130 shares, compared to its average volume of 1,096,290. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 26.70 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $89.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average price of $81.46 and a 200 day moving average price of $80.98.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 19.08%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.17%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.35%.

SS&C Technologies 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.