Cwm LLC Purchases 17,001 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cwm LLC raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 67.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,257 shares of the technology company's stock after buying an additional 17,001 shares during the period. Cwm LLC's holdings in SS&C Technologies were worth $3,530,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSNC. Norges Bank bought a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $205,475,000. Bank of America Corp DE boosted 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 acquiring an additional 880,058 shares during the last quarter. Senator Investment Group LP lifted its stake in shares of SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after buying an additional 869,175 shares in the last quarter. AQR Capital Management LLC increased its holdings in SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after acquiring an additional 780,616 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of SS&C Technologies by 1,135.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock worth $59,064,000 after buying an additional 649,864 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 12,500 shares of the company'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 transaction, the director directly owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director directly owned 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $83.26 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. SS&C Technologies Holdings, Inc. has a 52 week low of $66.46 and a 52 week high of $89.73. The company's 50-day moving average price is $80.98 and its two-hundred day moving average price is $80.70. The stock has a market cap of $20.54 billion, a PE ratio of 25.86 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. SS&C Technologies's payout ratio is 31.06%.

Analyst Ratings Changes

Several research analysts recently commented on SSNC shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Needham & Company LLC decreased their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. DA Davidson increased their target price on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a research report on Monday. Raymond James Financial reduced their target price 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. Finally, 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. One 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.com, the stock has a consensus rating of "Buy" and a consensus target price of $92.43.

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.

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