Cwm LLC Has $3.53 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

CWM LLC increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 67.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,257 shares of the technology company's stock after purchasing an additional 17,001 shares during the quarter. CWM LLC's holdings in SS&C Technologies were worth $3,530,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SSNC. HighTower Advisors LLC raised its stake in shares of SS&C Technologies by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 13,658 shares of the technology company's stock valued at $1,035,000 after acquiring an additional 791 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of SS&C Technologies by 81.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,724 shares of the technology company's stock valued at $661,000 after acquiring an additional 3,925 shares during the last quarter. Xponance Inc. increased its position in shares of SS&C Technologies by 27.1% during the fourth quarter. Xponance Inc. now owns 23,787 shares of the technology company's stock valued at $1,803,000 after buying an additional 5,068 shares during the period. Finally, Vinva Investment Management Ltd increased its position in shares of SS&C Technologies by 68.8% during the fourth quarter. Vinva Investment Management Ltd now owns 43,792 shares of the technology company's stock valued at $3,313,000 after buying an additional 17,853 shares during the period. Institutional investors own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction 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 owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director owned 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This represents 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 Stock Down 0.2%

SS&C Technologies stock traded down $0.20 during mid-day trading on Monday, reaching $83.21. The stock had a trading volume of 1,148,399 shares, compared to its average volume of 1,329,077. The stock's 50-day simple moving average is $81.10 and its 200-day simple moving average is $80.82. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.63 and a fifty-two week high of $89.73. The firm has a market capitalization of $20.52 billion, a PE ratio of 25.84 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during 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%. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies's payout ratio is currently 31.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SSNC shares. DA Davidson boosted their price target on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a report on Monday, July 14th. 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Buy" and an average price target 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.