Mutual of America Capital Management LLC Purchases Shares of 4,142 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mutual of America Capital Management LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,142 shares of the technology company's stock, valued at approximately $346,000.

Several other large investors have also added to or reduced their stakes in SSNC. HighTower Advisors LLC raised its position in shares of SS&C Technologies by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 13,658 shares of the technology company's stock valued at $1,035,000 after buying an additional 791 shares in the last quarter. American Century Companies Inc. grew its holdings in SS&C Technologies by 115.0% in the 4th quarter. American Century Companies Inc. now owns 43,094 shares of the technology company's stock worth $3,266,000 after acquiring an additional 23,049 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in SS&C Technologies during the 4th quarter valued at about $5,456,000. LPL Financial LLC lifted its holdings in SS&C Technologies by 13.1% in the 4th quarter. LPL Financial LLC now owns 86,055 shares of the technology company's stock worth $6,521,000 after buying an additional 9,946 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock worth $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on 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 sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director directly owned 72,776 shares in the company, valued at approximately $5,496,771.28. This trade 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.

SS&C Technologies Trading Up 2.6%

Shares of SS&C Technologies stock traded up $2.18 on Thursday, reaching $85.85. The company had a trading volume of 2,773,479 shares, compared to its average volume of 1,012,502. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 26.91 and a beta of 1.23. 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 $81.33 and its two-hundred day moving average price is $80.91. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 19.08%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm posted $1.27 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's payout ratio is presently 31.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SSNC shares. UBS Group reaffirmed a "buy" rating and issued a $108.00 target price (up from $105.00) on shares of SS&C Technologies in a research report on Tuesday. DA Davidson boosted their price target on SS&C Technologies from $94.00 to $98.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. Raymond James Financial lifted their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $96.63.

SS&C Technologies Company 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.