Marks Group Wealth Management Inc lowered its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 106,062 shares of the technology company's stock after selling 4,775 shares during the period. Marks Group Wealth Management Inc's holdings in SS&C Technologies were worth $8,859,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Janus Henderson Group PLC raised 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 valued at $1,257,869,000 after acquiring an additional 539,483 shares during the period. Boston Partners lifted its holdings in SS&C Technologies by 283.1% during the 4th 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. Dimensional Fund Advisors LP lifted its holdings in SS&C Technologies by 8.9% during the 4th 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 last quarter. Finally, Norges Bank bought a new position in SS&C Technologies during the fourth quarter worth $205,475,000. Institutional investors own 96.95% of the company's stock.
SS&C Technologies Stock Performance
NASDAQ SSNC traded down $1.11 during trading on Friday, reaching $82.50. The company's stock had a trading volume of 751,526 shares, compared to its average volume of 1,332,247. The firm has a 50 day moving average price of $80.56 and a 200 day moving average price of $80.54. SS&C Technologies Holdings, Inc. has a 12 month low of $65.00 and a 12 month high of $89.73. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 25.62 and a beta of 1.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00.
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 (EPS) 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 business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.
Insider Transactions at SS&C Technologies
In other SS&C Technologies news, 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 sale, the director directly owned 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was purchased 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 directly owned 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on SSNC shares. Needham & Company LLC dropped 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. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial cut their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report 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. reiterated a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $91.86.
Read Our Latest Stock Report on SS&C Technologies
SS&C Technologies Company Profile
(
Free Report)
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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