Kentucky Retirement Systems Insurance Trust Fund Makes New $522,000 Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,248 shares of the technology company's stock, valued at approximately $522,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after acquiring an additional 239,438 shares during the last quarter. Janus Henderson Group PLC increased its stake in SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock worth $1,257,869,000 after purchasing an additional 539,483 shares during the period. Boston Partners lifted its position in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Cantillon Capital Management LLC lifted its position in SS&C Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SS&C Technologies by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after purchasing an additional 258,554 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction dated 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 now owns 12,476 shares in the company, valued at approximately $997,081.92. This 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 bought 2,700 shares of the 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 acquisition, the director now directly owns 72,776 shares of the company's stock, 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. Insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several analyst reports. Raymond James Financial decreased 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 note on Friday, April 25th. Needham & Company LLC decreased 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 report on Friday, April 25th. DA Davidson lowered their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, Wall Street Zen raised 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 issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Trading Up 1.0%

Shares of NASDAQ:SSNC traded up $0.79 on Thursday, hitting $81.27. The company had a trading volume of 1,098,337 shares, compared to its average volume of 1,318,855. The firm's 50-day simple moving average is $78.76 and its two-hundred day simple moving average is $79.94. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 25.24 and a beta of 1.24. The company has a quick ratio of 1.11, a current 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $1.28 earnings per share. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. SS&C Technologies's dividend payout ratio is presently 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.