SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,851 shares of the technology company's stock after buying an additional 5,457 shares during the quarter. IFM Investors Pty Ltd's holdings in SS&C Technologies were worth $4,081,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 44 Wealth Management LLC lifted its stake in SS&C Technologies by 14.5% in the 1st quarter. 44 Wealth Management LLC now owns 32,932 shares of the technology company's stock valued at $2,751,000 after buying an additional 4,173 shares in the last quarter. Mutual Advisors LLC lifted its stake in SS&C Technologies by 7.0% in the 1st quarter. Mutual Advisors LLC now owns 5,025 shares of the technology company's stock valued at $420,000 after buying an additional 329 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in SS&C Technologies by 0.3% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 331,256 shares of the technology company's stock valued at $27,670,000 after buying an additional 904 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in SS&C Technologies in the 1st quarter valued at approximately $2,904,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in SS&C Technologies in the 1st quarter valued at approximately $204,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The stock was purchased at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director directly 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 disclosure for this purchase can be found here. 16.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Up 0.3%

Shares of SSNC stock traded up $0.29 during trading hours on Thursday, hitting $83.61. 936,063 shares of the company were exchanged, compared to its average volume of 1,413,794. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. SS&C Technologies Holdings, Inc. has a one year low of $61.50 and a one year high of $89.73. The business's 50-day simple moving average is $80.31 and its two-hundred day simple moving average is $80.42. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 25.97 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SSNC. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. DA Davidson cut their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Needham & Company LLC cut their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Raymond James Financial dropped their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $91.86.

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.