Manning & Napier Advisors LLC Sells 4,024 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Manning & Napier Advisors LLC trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,287 shares of the technology company's stock after selling 4,024 shares during the period. Manning & Napier Advisors LLC's holdings in SS&C Technologies were worth $9,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after buying an additional 123 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.0% during the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after acquiring an additional 139 shares during the period. Global X Japan Co. Ltd. boosted its position in shares of SS&C Technologies by 16.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after acquiring an additional 140 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after acquiring an additional 149 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SSNC. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC dropped their price objective on 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. Raymond James Financial reduced their price objective on 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. DA Davidson decreased their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $91.86.

Insider Activity

In related news, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction that occurred 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 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. Insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

SSNC stock traded up $0.79 during midday trading on Thursday, reaching $81.27. 1,098,337 shares of the stock were exchanged, compared to its average volume of 1,321,174. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $20.05 billion, a PE ratio of 25.24 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52 week low of $61.13 and a 52 week high of $89.73. The company has a fifty day moving average price of $78.86 and a 200 day moving average price of $79.98.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.68% and a net margin of 13.69%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 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.