7,124 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by MQS Management LLC

MQS Management LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,124 shares of the technology company's stock, valued at approximately $595,000.

A number of other large investors also recently bought and sold shares of SSNC. Atwood & Palmer Inc. increased its holdings in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Colonial Trust Co SC boosted its stake in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after acquiring an additional 342 shares in the last quarter. Steward Partners Investment Advisory LLC boosted 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 worth $67,000 after acquiring an additional 123 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of SS&C Technologies during the 4th quarter worth about $69,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the topic of several recent analyst reports. Needham & Company LLC lowered their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson increased their price objective on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a report on Monday. 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Finally, Raymond James Financial dropped their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $92.43.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director directly owned 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director owned 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 1.0%

SS&C Technologies stock traded up $0.81 during trading on Monday, hitting $83.31. The company had a trading volume of 185,706 shares, compared to its average volume of 1,327,733. The company's 50 day simple moving average is $80.56 and its 200-day simple moving average is $80.57. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 25.92 and a beta of 1.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. SS&C Technologies Holdings, Inc. has a 1-year low of $65.00 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is 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.