SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Fedenia Advisers LLC

Fedenia Advisers LLC grew its position 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,141 shares of the technology company's stock after purchasing an additional 3,849 shares during the period. Fedenia Advisers LLC's holdings in SS&C Technologies were worth $513,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Atwood & Palmer Inc. grew its stake in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Parkside Financial Bank & Trust boosted its position 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 during the period. True Wealth Design LLC grew its position in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after acquiring an additional 342 shares during the last quarter. Colonial Trust Co SC increased its position 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 worth $42,000 after acquiring an additional 390 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in shares of SS&C Technologies during the 4th quarter worth $64,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 0.4%

Shares of SSNC traded down $0.30 during midday trading on Wednesday, hitting $83.02. 1,066,358 shares of the company's stock traded hands, compared to its average volume of 1,321,310. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 25.78 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1 year low of $61.13 and a 1 year high of $89.73. The firm's fifty day moving average is $79.32 and its 200-day moving average is $80.12.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating 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 period last year, the business posted $1.28 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Insider Transactions at SS&C Technologies

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

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent research reports. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Raymond James Financial cut their price target 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. Finally, DA Davidson dropped their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average 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.