Envestnet Portfolio Solutions Inc. Boosts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 37.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,017 shares of the technology company's stock after buying an additional 3,293 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in SS&C Technologies were worth $1,004,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Global X Japan Co. Ltd. boosted its holdings in shares of SS&C Technologies by 16.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after buying an additional 140 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $224,000. QRG Capital Management Inc. boosted its holdings in shares of SS&C Technologies by 14.5% during the 1st quarter. QRG Capital Management Inc. now owns 61,359 shares of the technology company's stock worth $5,125,000 after buying an additional 7,793 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $509,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of SS&C Technologies in the 1st quarter worth $666,000. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Down 1.2%

NASDAQ:SSNC traded down $0.95 during trading hours on Wednesday, hitting $80.48. 756,675 shares of the company traded hands, compared to its average volume of 1,319,737. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The firm's 50-day simple moving average is $78.76 and its 200-day simple moving average is $79.94. SS&C Technologies Holdings, Inc. has a one year low of $61.13 and a one year high of $89.73. The company has a market cap of $19.85 billion, a PE ratio of 24.99 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data 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. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. 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 business earned $1.28 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's payout ratio is 31.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SSNC. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Raymond James Financial cut their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. DA Davidson cut their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. 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. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average price target of $91.86.

Insider Transactions at SS&C Technologies

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

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.