SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Trimmed by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 68.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,333 shares of the technology company's stock after selling 28,325 shares during the period. Bessemer Group Inc.'s holdings in SS&C Technologies were worth $1,114,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners lifted its holdings in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Norges Bank purchased a new position in shares of SS&C Technologies during the 4th quarter worth $205,475,000. Bank of America Corp DE lifted its stake in shares of SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after purchasing an additional 880,058 shares during the period. Senator Investment Group LP boosted its holdings in shares of SS&C Technologies by 133.7% during the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after purchasing an additional 869,175 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after purchasing an additional 780,616 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 0.7%

Shares of NASDAQ SSNC traded down $0.56 during midday trading on Wednesday, hitting $82.76. The stock had a trading volume of 93,159 shares, compared to its average volume of 1,317,518. The company has a fifty day moving average price of $79.32 and a 200 day moving average price of $80.12. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 25.72 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $61.13 and a 1-year high of $89.73. 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 released its quarterly earnings data 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict 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 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director owned 12,476 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director owned 72,776 shares in the company, valued at $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. Insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several recent analyst reports. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson cut their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, Raymond James Financial dropped their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $91.86.

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.