Dynamic Advisor Solutions LLC Invests $666,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dynamic Advisor Solutions LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,975 shares of the technology company's stock, valued at approximately $666,000.

Several other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in SS&C Technologies during the 1st quarter valued at about $11,845,000. Wealth Enhancement Advisory Services LLC grew its position in shares of SS&C Technologies by 47.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company's stock valued at $3,085,000 after purchasing an additional 11,863 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of SS&C Technologies by 35.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,788 shares of the technology company's stock worth $734,000 after purchasing an additional 2,285 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of SS&C Technologies by 9.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company's stock worth $142,447,000 after purchasing an additional 151,708 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of SS&C Technologies during the 1st quarter worth approximately $294,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 12,476 shares of the company's stock, valued at $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 is available at this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on SSNC. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. DA Davidson dropped their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Raymond James Financial cut 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 note on Friday, April 25th. Needham & Company LLC decreased their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. One equities 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Down 0.4%

SSNC opened at $79.48 on Thursday. SS&C Technologies Holdings, Inc. has a 12 month low of $61.13 and a 12 month high of $89.73. The business has a 50-day moving average of $78.36 and a two-hundred day moving average of $79.81. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 24.68 and a beta of 1.24.

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

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) 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.

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