Eagle Rock Investment Company LLC Has $5.04 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Eagle Rock Investment Company LLC cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,346 shares of the technology company's stock after selling 8,798 shares during the quarter. Eagle Rock Investment Company LLC's holdings in SS&C Technologies were worth $5,041,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Davis Capital Management lifted its stake in shares of SS&C Technologies by 8.3% in the first quarter. Davis Capital Management now owns 9,243 shares of the technology company's stock worth $772,000 after buying an additional 711 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of SS&C Technologies in the first quarter worth $276,000. Unigestion Holding SA lifted its stake in shares of SS&C Technologies by 861.7% in the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after buying an additional 85,427 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of SS&C Technologies by 71.2% in the first quarter. Merit Financial Group LLC now owns 8,108 shares of the technology company's stock worth $677,000 after buying an additional 3,372 shares during the last quarter. Finally, Meyer Handelman Co. lifted its stake in shares of SS&C Technologies by 14.2% in the first quarter. Meyer Handelman Co. now owns 85,305 shares of the technology company's stock worth $7,126,000 after buying an additional 10,625 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

SSNC stock traded up $0.42 on Friday, reaching $80.64. 1,167,298 shares of the company were exchanged, compared to its average volume of 1,315,326. SS&C Technologies Holdings, Inc. has a 12 month low of $60.18 and a 12 month high of $89.73. The stock's fifty day moving average price is $77.68 and its 200 day moving average price is $79.58. The firm has a market capitalization of $19.89 billion, a PE ratio of 26.88 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling at SS&C Technologies

In other news, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the company'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 completion of the sale, the director now directly owns 12,476 shares in the company, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SSNC shares. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 25th. DA Davidson reduced their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Raymond James reduced their price objective 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. Finally, Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $91.86.

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.