BTC Capital Management Inc. Buys 9,040 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

BTC Capital Management Inc. raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,058 shares of the technology company's stock after purchasing an additional 9,040 shares during the quarter. BTC Capital Management Inc.'s holdings in SS&C Technologies were worth $3,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SSNC. Truist Financial Corp lifted its position in SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after buying an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in SS&C Technologies by 993.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after buying an additional 322,781 shares during the last quarter. Empowered Funds LLC increased its holdings in SS&C Technologies by 2,569.3% in the 4th quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock worth $8,188,000 after buying an additional 104,006 shares in the last quarter. Fisher Funds Management LTD bought a new position in shares of SS&C Technologies during the 4th quarter valued at $3,544,000. Finally, Bradley Foster & Sargent Inc. CT grew its position in SS&C Technologies by 8.2% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 216,484 shares of the technology company's stock valued at $16,405,000 after buying an additional 16,333 shares during the period. 96.95% of the stock is owned by institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies 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 value of $999,000.00. Following the transaction, the director now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction dated 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 now directly owns 72,776 shares of the company's stock, 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. Insiders own 16.40% of the company's stock.

SS&C Technologies Stock Down 1.8%

Shares of NASDAQ SSNC traded down $1.48 on Monday, hitting $79.33. The company had a trading volume of 1,060,478 shares, compared to its average volume of 1,315,158. SS&C Technologies Holdings, Inc. has a 12-month low of $60.18 and a 12-month high of $89.73. The firm has a market capitalization of $19.57 billion, a P/E ratio of 26.44 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $78.00 and a two-hundred day moving average of $79.43.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

Analysts Set New Price Targets

SSNC has been the topic of a number of research reports. Raymond James reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. 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. reaffirmed a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, UBS Group upped their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Company 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.