Fedenia Advisers LLC Acquires 3,849 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fedenia Advisers LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 167.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,141 shares of the technology company's stock after buying an additional 3,849 shares during the quarter. Fedenia Advisers LLC's holdings in SS&C Technologies were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IFP Advisors Inc boosted its holdings in shares of SS&C Technologies by 9.7% during the fourth quarter. IFP Advisors Inc now owns 2,412 shares of the technology company's stock worth $183,000 after acquiring an additional 213 shares during the period. Parkside Financial Bank & Trust boosted 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 worth $40,000 after acquiring an additional 229 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of SS&C Technologies by 181.8% during the fourth quarter. Fisher Asset Management LLC now owns 213,412 shares of the technology company's stock worth $16,172,000 after acquiring an additional 137,687 shares during the period. Metis Global Partners LLC boosted its holdings in shares of SS&C Technologies by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 3,025 shares of the technology company's stock worth $229,000 after acquiring an additional 200 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in SS&C Technologies by 81.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,119 shares of the technology company's stock worth $85,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

SSNC has been the subject of several analyst reports. Raymond James Financial dropped 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. Needham & Company LLC dropped 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. DA Davidson dropped 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. 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 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Price Performance

SSNC stock traded up $0.49 during mid-day trading on Friday, hitting $83.51. The stock had a trading volume of 992,907 shares, compared to its average volume of 1,330,578. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. SS&C Technologies Holdings, Inc. has a 52 week low of $61.13 and a 52 week high of $89.73. The firm has a market capitalization of $20.60 billion, a P/E ratio of 25.93 and a beta of 1.23. The firm has a fifty day simple moving average of $79.79 and a 200 day simple moving average of $80.28.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $1.28 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Activity at SS&C Technologies

In related news, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director owned 72,776 shares of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director directly owned 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

About SS&C Technologies

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.