Achmea Investment Management B.V. Has $22.11 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Achmea Investment Management B.V. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 32.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,663 shares of the technology company's stock after buying an additional 64,825 shares during the period. Achmea Investment Management B.V. owned about 0.11% of SS&C Technologies worth $22,107,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atwood & Palmer Inc. lifted its stake in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares during the last quarter. True Wealth Design LLC raised its position 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 purchasing an additional 342 shares during the period. Colonial Trust Co SC grew its stake in 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 buying an additional 390 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in SS&C Technologies in the fourth quarter valued at $64,000. Institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The shares were bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the company'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 now owns 12,476 shares of the company's stock, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 1.2%

SS&C Technologies stock traded up $0.96 during mid-day trading on Monday, hitting $82.80. The stock had a trading volume of 938,126 shares, compared to its average volume of 1,430,674. 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 stock has a market capitalization of $20.42 billion, a PE ratio of 25.71 and a beta of 1.24. The stock has a 50-day simple moving average of $78.97 and a two-hundred day simple moving average of $80.05. SS&C Technologies Holdings, Inc. has a 12 month low of $61.13 and a 12 month high of $89.73.

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

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

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.