27,963 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,963 shares of the technology company's stock, valued at approximately $2,119,000.

Several other large investors have also recently bought and sold shares of SSNC. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter valued at $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after buying an additional 229 shares during the period. Colonial Trust Co SC increased its position in shares of SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares in the last quarter. True Wealth Design LLC raised its stake in shares of SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after acquiring an additional 342 shares during the period. Finally, Financial Perspectives Inc purchased a new stake in SS&C Technologies during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm'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 completion of the transaction, the director now owns 12,476 shares in the company, valued at $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 through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, 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. 16.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SSNC has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Raymond James decreased their price target 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, UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. 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 data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Performance

SSNC stock traded down $0.20 during trading on Thursday, reaching $80.53. 254,870 shares of the stock were exchanged, compared to its average volume of 1,309,425. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $19.86 billion, a P/E ratio of 26.82 and a beta of 1.24. The stock has a 50 day simple moving average of $78.09 and a 200-day simple moving average of $79.28.

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, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the business posted $1.28 earnings per share. SS&C Technologies's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. SS&C Technologies's payout ratio is currently 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.