Apollon Wealth Management LLC Invests $1.29 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Apollon Wealth Management LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,431 shares of the technology company's stock, valued at approximately $1,289,000.

Other large investors have also recently bought and sold shares of the company. Unigestion Holding SA boosted its stake in shares of SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $509,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after purchasing an additional 60,784 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SS&C Technologies by 31.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company's stock valued at $61,522,000 after purchasing an additional 177,079 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Raymond James Financial dropped their price objective 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. DA Davidson raised 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. Finally, Needham & Company LLC dropped their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "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 given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Buy" and a consensus target price of $92.43.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the firm'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 completion of the sale, the director owned 12,476 shares of the company's stock, valued at $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan E. Michael acquired 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 transaction, the director owned 72,776 shares in the company, valued at approximately $5,496,771.28. This trade 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 currently owned by company insiders.

SS&C Technologies Trading Up 0.2%

SS&C Technologies stock traded up $0.15 during mid-day trading on Friday, hitting $83.41. 913,816 shares of the stock were exchanged, compared to its average volume of 1,326,718. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. SS&C Technologies Holdings, Inc. has a 12 month low of $66.46 and a 12 month high of $89.73. The firm's fifty day simple moving average is $80.98 and its two-hundred day simple moving average is $80.70. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of 25.90 and a beta of 1.23.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $1.28 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies's payout ratio is 31.06%.

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.