SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Increased by Meyer Handelman Co.

Meyer Handelman Co. lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,305 shares of the technology company's stock after purchasing an additional 10,625 shares during the quarter. Meyer Handelman Co.'s holdings in SS&C Technologies were worth $7,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of SS&C Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock worth $1,531,895,000 after purchasing an additional 239,438 shares during the period. Janus Henderson Group PLC boosted its position in SS&C Technologies by 3.4% during the fourth 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 in the last quarter. Boston Partners boosted its position in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Cantillon Capital Management LLC boosted its position in SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock worth $343,517,000 after purchasing an additional 25,895 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 worth $239,353,000 after purchasing an additional 258,554 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. DA Davidson reduced their price objective 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. Needham & Company LLC reduced their price objective on 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. Finally, Raymond James 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 report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Trading Down 1.8%

NASDAQ:SSNC traded down $1.48 on Monday, hitting $79.33. 1,060,478 shares of the stock were exchanged, compared to its average volume of 1,315,158. The stock has a market cap of $19.57 billion, a PE ratio of 26.44 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $78.00 and a 200-day moving average of $79.43. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.18 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. SS&C Technologies's dividend payout ratio is currently 31.06%.

Insider Activity

In other news, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the transaction, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the firm'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 transaction, the director now owns 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. Insiders own 16.40% of the company's stock.

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.