Bessemer Group Inc. decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 68.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,333 shares of the technology company's stock after selling 28,325 shares during the quarter. Bessemer Group Inc.'s holdings in SS&C Technologies were worth $1,114,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. grew its position in SS&C Technologies by 125.8% in the 1st 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 grew its position in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares during the last quarter. True Wealth Design LLC grew its position in SS&C Technologies by 163.6% in 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 last quarter. Colonial Trust Co SC grew its position in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in SS&C Technologies in the 4th quarter worth $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.
SS&C Technologies Price Performance
NASDAQ:SSNC traded up $0.49 on Friday, reaching $83.51. The stock had a trading volume of 992,907 shares, compared to its average volume of 1,326,908. The company has a market capitalization of $20.60 billion, a P/E ratio of 25.93 and a beta of 1.23. 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. The stock has a fifty day moving average price of $79.79 and a 200-day moving average price of $80.24.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.
SS&C Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Needham & Company LLC decreased 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 report on Friday, April 25th. Raymond James Financial decreased their target price on shares of 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 decreased their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, 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. One investment 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 MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $91.86.
Check Out Our Latest Report on SS&C Technologies
Insider Transactions at SS&C Technologies
In related news, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director owned 72,776 shares in the company, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director directly owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents 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.
About SS&C Technologies
(
Free Report)
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.
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