SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 177.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,324 shares of the technology company's stock after acquiring an additional 9,160 shares during the period. Machina Capital S.A.S.'s holdings in SS&C Technologies were worth $1,196,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in SS&C Technologies during the 4th quarter worth approximately $205,475,000. Bank of America Corp DE grew its holdings in SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after acquiring an additional 880,058 shares in the last quarter. Senator Investment Group LP grew its holdings in SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after acquiring an additional 869,175 shares in the last quarter. AQR Capital Management LLC grew its holdings in SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in SS&C Technologies by 1,135.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company's stock worth $59,064,000 after acquiring an additional 649,864 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several research analyst reports. DA Davidson upped their target price on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial upped their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday. Morgan Stanley upped their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, UBS Group restated a "buy" rating and issued a $108.00 target price (up previously from $105.00) on shares of SS&C Technologies in a report on Tuesday. Two analysts have 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $96.63.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael purchased 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director owned 12,476 shares of the company's stock, valued at $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $2.18 during trading hours on Thursday, reaching $85.85. 2,773,479 shares of the company's stock were exchanged, compared to its average volume of 1,012,502. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of 26.91 and a beta of 1.23. The company has a 50-day moving average of $81.33 and a 200 day moving average of $80.91. 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 $66.83 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 19.08%. SS&C Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. SS&C Technologies's dividend payout ratio is presently 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.