SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by 44 Wealth Management LLC

44 Wealth Management LLC increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,932 shares of the technology company's stock after acquiring an additional 4,173 shares during the period. SS&C Technologies makes up 1.0% of 44 Wealth Management LLC's investment portfolio, making the stock its 22nd largest position. 44 Wealth Management LLC's holdings in SS&C Technologies were worth $2,751,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Mutual Advisors LLC boosted its position in shares of SS&C Technologies by 7.0% in the first quarter. Mutual Advisors LLC now owns 5,025 shares of the technology company's stock worth $420,000 after acquiring an additional 329 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in SS&C Technologies by 0.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 331,256 shares of the technology company's stock valued at $27,670,000 after buying an additional 904 shares during the period. Teacher Retirement System of Texas purchased a new position in SS&C Technologies in the first quarter valued at approximately $2,904,000. Aaron Wealth Advisors LLC purchased a new position in SS&C Technologies in the first quarter valued at approximately $204,000. Finally, Fedenia Advisers LLC raised its holdings in SS&C Technologies by 167.9% in the first quarter. Fedenia Advisers LLC now owns 6,141 shares of the technology company's stock valued at $513,000 after buying an additional 3,849 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SSNC. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial cut their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. DA Davidson dropped their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note 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 data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Up 0.6%

SSNC traded up $0.49 during trading hours on Friday, reaching $83.51. 992,907 shares of the stock traded hands, compared to its average volume of 1,330,578. The firm's fifty day simple moving average is $79.79 and its two-hundred day simple moving average is $80.28. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 25.93 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.13 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly 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 13.69% and a return on equity of 18.68%. The business's revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insiders Place Their Bets

In related news, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the sale, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by 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.