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

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

Other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. lifted its position in shares of SS&C Technologies by 163.4% during the 4th quarter. Principal Securities Inc. now owns 3,005 shares of the technology company's stock worth $228,000 after buying an additional 1,864 shares during the last quarter. Allworth Financial LP lifted its position in shares of SS&C Technologies by 49.3% during the 4th quarter. Allworth Financial LP now owns 1,901 shares of the technology company's stock worth $151,000 after buying an additional 628 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of SS&C Technologies by 6.1% during the 4th quarter. Sanctuary Advisors LLC now owns 35,422 shares of the technology company's stock worth $2,877,000 after buying an additional 2,047 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of SS&C Technologies by 12.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,857 shares of the technology company's stock worth $747,000 after buying an additional 1,119 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after buying an additional 8,598 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was 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 owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research 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. DA Davidson dropped their price objective on 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. Raymond James Financial lowered their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reaffirmed 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Price Performance

Shares of SSNC opened at $79.43 on Monday. SS&C Technologies Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73. The business has a 50-day simple moving average of $78.52 and a two-hundred day simple moving average of $79.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock has a market cap of $19.59 billion, a PE ratio of 24.67 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given 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 1.26%. SS&C Technologies's dividend payout ratio (DPR) is 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.

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