SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,191,017 shares of the technology company's stock after buying an additional 75,807 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.48% of SS&C Technologies worth $99,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. increased its holdings in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares during the last quarter. True Wealth Design LLC increased its holdings in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares during the last quarter. Colonial Trust Co SC increased its holdings in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the last quarter. Wayfinding Financial LLC bought a new stake in SS&C Technologies in the first quarter valued at about $69,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in SS&C Technologies by 16.1% in the fourth 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. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research analyst reports. DA Davidson lowered their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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. Needham & Company LLC decreased their target price 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. Raymond James Financial decreased their target price 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. Finally, Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

SSNC stock traded down $1.11 during midday trading on Friday, reaching $82.50. The company had a trading volume of 751,526 shares, compared to its average volume of 1,334,086. SS&C Technologies Holdings, Inc. has a fifty-two week low of $62.89 and a fifty-two week high of $89.73. The firm has a market capitalization of $20.35 billion, a PE ratio of 25.62 and a beta of 1.23. The stock has a 50 day moving average price of $80.56 and a 200 day moving average price of $80.52. 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 (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given 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 yield of 1.21%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Insider Activity

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