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

44 Wealth Management LLC lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,932 shares of the technology company's stock after purchasing an additional 4,173 shares during the quarter. SS&C Technologies comprises about 1.0% of 44 Wealth Management LLC's portfolio, making the stock its 22nd biggest position. 44 Wealth Management LLC's holdings in SS&C Technologies were worth $2,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its position in SS&C Technologies by 7.1% during the 4th quarter. Metis Global Partners LLC now owns 3,025 shares of the technology company's stock worth $229,000 after acquiring an additional 200 shares during the period. Smartleaf Asset Management LLC lifted its position in SS&C Technologies by 81.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,119 shares of the technology company's stock worth $85,000 after acquiring an additional 501 shares during the period. Jones Financial Companies Lllp lifted its position in SS&C Technologies by 30.6% during the 4th quarter. Jones Financial Companies Lllp now owns 6,321 shares of the technology company's stock worth $479,000 after acquiring an additional 1,482 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after buying an additional 123 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SS&C Technologies by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 830,001 shares of the technology company's stock valued at $62,897,000 after buying an additional 34,989 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SSNC shares. Raymond James Financial reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reduced their price objective on 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. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, DA Davidson cut their price target on 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $91.86.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael bought 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 approximately $5,496,771.28. The trade was 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 currently owned by insiders.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.04 during trading hours on Monday, hitting $83.54. 1,196,297 shares of the stock were exchanged, compared to its average volume of 1,330,040. SS&C Technologies Holdings, Inc. has a 52-week low of $61.13 and a 52-week high of $89.73. The firm's fifty day moving average price is $79.79 and its 200 day moving average price is $80.33. 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 market cap of $20.61 billion, a P/E ratio of 25.94 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $1.28 EPS. SS&C Technologies's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate 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 disclosed 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 1.20%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

SS&C Technologies Company 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.