SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 241,718 shares of the technology company's stock after selling 7,019 shares during the quarter. Moran Wealth Management LLC owned approximately 0.10% of SS&C Technologies worth $20,191,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Unigestion Holding SA grew its stake in SS&C Technologies by 861.7% during the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after buying an additional 85,427 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of SS&C Technologies during the first quarter worth approximately $509,000. Truist Financial Corp grew its position in shares of SS&C Technologies by 82.0% during the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after acquiring an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after acquiring an additional 322,781 shares during the period. Finally, Fisher Funds Management LTD purchased a new stake in SS&C Technologies in the 4th quarter valued at $3,544,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Buying and Selling

In related 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 value of $999,000.00. Following the sale, the director now directly owns 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This represents 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 insiders.

SS&C Technologies Stock Performance

NASDAQ SSNC traded up $0.66 on Tuesday, hitting $81.43. 1,429,659 shares of the company's stock were exchanged, compared to its average volume of 1,318,526. 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 firm's 50-day moving average price is $78.59 and its two-hundred day moving average price is $79.92. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 25.29 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.13 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. SS&C Technologies's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SSNC shares. Raymond James Financial dropped their price objective on shares of 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. 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 reduced their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, DA Davidson dropped their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $91.86.

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.