KBC Group NV Has $88.24 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

KBC Group NV lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 25.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,398 shares of the technology company's stock after purchasing an additional 216,862 shares during the period. KBC Group NV owned 0.43% of SS&C Technologies worth $88,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. increased its holdings in shares of SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares in the last quarter. Colonial Trust Co SC boosted its stake in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after acquiring an additional 390 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in SS&C Technologies in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Trading Up 0.7%

Shares of NASDAQ SSNC traded up $0.57 during midday trading on Friday, reaching $81.84. 1,279,222 shares of the stock were exchanged, compared to its average volume of 1,323,194. The business has a 50-day simple moving average of $78.97 and a two-hundred day simple moving average of $80.03. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 25.42 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $61.13 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The company 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 business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. SS&C Technologies's payout ratio is 31.06%.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction 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 now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SSNC. Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. DA Davidson reduced their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Raymond James Financial reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen raised 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies has an average rating of "Buy" and a consensus 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.