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

IFM Investors Pty Ltd raised its position 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,851 shares of the technology company's stock after purchasing an additional 5,457 shares during the period. IFM Investors Pty Ltd's holdings in SS&C Technologies were worth $4,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSNC. 44 Wealth Management LLC increased its stake in shares of SS&C Technologies by 14.5% during the 1st quarter. 44 Wealth Management LLC now owns 32,932 shares of the technology company's stock valued at $2,751,000 after acquiring an additional 4,173 shares during the last quarter. Mutual Advisors LLC increased its stake in shares of SS&C Technologies by 7.0% during the 1st quarter. Mutual Advisors LLC now owns 5,025 shares of the technology company's stock valued at $420,000 after acquiring an additional 329 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of SS&C Technologies by 0.3% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 331,256 shares of the technology company's stock valued at $27,670,000 after acquiring an additional 904 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of SS&C Technologies during the 1st quarter valued at about $2,904,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of SS&C Technologies during the 1st quarter valued at about $204,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SS&C Technologies

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SSNC. Raymond James Financial dropped their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reissued 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. Needham & Company LLC dropped their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, DA Davidson dropped their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. One investment 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. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Up 0.2%

NASDAQ:SSNC traded up $0.14 during trading hours on Tuesday, hitting $83.68. The stock had a trading volume of 124,105 shares, compared to its average volume of 1,325,500. 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 1-year low of $61.13 and a 1-year high of $89.73. The business has a 50 day simple moving average of $79.99 and a two-hundred day simple moving average of $80.38. The company has a market cap of $20.64 billion, a PE ratio of 25.97 and a beta of 1.23.

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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. SS&C Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

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.