SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,705,337 shares of the technology company's stock after buying an additional 151,708 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.69% of SS&C Technologies worth $142,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SSNC. Yousif Capital Management LLC increased its stake in shares of SS&C Technologies by 8.5% during the fourth quarter. Yousif Capital Management LLC now owns 4,749 shares of the technology company's stock worth $360,000 after acquiring an additional 374 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SS&C Technologies by 17.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,081 shares of the technology company's stock worth $1,142,000 after acquiring an additional 2,216 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of SS&C Technologies by 43.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 12,352 shares of the technology company's stock worth $936,000 after acquiring an additional 3,738 shares during the period. Savant Capital LLC increased its stake in shares of SS&C Technologies by 2.3% during the fourth quarter. Savant Capital LLC now owns 31,822 shares of the technology company's stock worth $2,411,000 after acquiring an additional 707 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of SS&C Technologies by 18.7% during the fourth quarter. Summit Trail Advisors LLC now owns 8,870 shares of the technology company's stock worth $672,000 after acquiring an additional 1,396 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on SSNC shares. Raymond James lowered their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC lowered their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. DA Davidson lowered their target price on shares of 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SS&C Technologies has a consensus rating of "Buy" and a consensus target price of $91.86.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director now owns 12,476 shares of the company's stock, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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, with a total value of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 0.4%

Shares of SSNC traded up $0.36 on Thursday, hitting $81.60. 750,567 shares of the stock traded hands, compared to its average volume of 1,316,760. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $20.13 billion, a P/E ratio of 27.20 and a beta of 1.24. The stock's 50 day moving average is $77.97 and its two-hundred day moving average is $79.74. SS&C Technologies Holdings, Inc. has a 1 year low of $60.18 and a 1 year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

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.