Dynamic Advisor Solutions LLC Purchases New Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dynamic Advisor Solutions LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,975 shares of the technology company's stock, valued at approximately $666,000.

A number of other hedge funds have also modified their holdings of SSNC. Atwood & Palmer Inc. grew its holdings in shares of SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after buying an additional 166 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter valued at $39,000. Parkside Financial Bank & Trust grew 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 buying an additional 229 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director now owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

SS&C Technologies Stock Down 0.1%

Shares of NASDAQ:SSNC traded down $0.05 on Friday, reaching $79.43. The company had a trading volume of 1,653,706 shares, compared to its average volume of 1,319,189. SS&C Technologies Holdings, Inc. has a twelve month low of $61.13 and a twelve month high of $89.73. The stock has a 50-day moving average price of $78.52 and a 200 day moving average price of $79.87. The stock has a market capitalization of $19.59 billion, a P/E ratio of 24.67 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00.

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

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given 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 dividend yield of 1.26%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research reports. Needham & Company LLC reduced their price objective on 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. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. DA Davidson reduced 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. Finally, Raymond James Financial reduced their price objective on 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. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and a consensus price target 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.