Cetera Investment Advisers Acquires 9,314 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cetera Investment Advisers lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 69.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,799 shares of the technology company's stock after purchasing an additional 9,314 shares during the quarter. Cetera Investment Advisers' holdings in SS&C Technologies were worth $1,728,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the fourth quarter valued at $39,000. Parkside Financial Bank & Trust lifted its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares during the period. Financial Perspectives Inc bought a new position in shares of SS&C Technologies during the fourth quarter valued at $51,000. Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies during the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the fourth quarter valued at $65,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 1.1%

SSNC stock traded up $0.89 during midday trading on Monday, reaching $79.79. The stock had a trading volume of 1,135,292 shares, compared to its average volume of 1,315,832. The business has a fifty day simple moving average of $78.15 and a two-hundred day simple moving average of $79.26. 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 firm has a market cap of $19.68 billion, a price-to-earnings ratio of 26.60 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73.

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

SS&C Technologies Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

Insiders Place Their Bets

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 stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The shares were bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SSNC. Needham & Company LLC cut their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. DA Davidson cut 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. Raymond James cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies has an average rating of "Buy" and a consensus target price of $91.86.

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.