Navellier & Associates Inc. Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Navellier & Associates Inc. bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,501 shares of the technology company's stock, valued at approximately $2,382,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. boosted its stake in SS&C Technologies by 125.8% in the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Larson Financial Group LLC boosted its stake in SS&C Technologies by 634.8% in the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after buying an additional 292 shares in the last quarter. Whittier Trust Co. purchased a new stake in SS&C Technologies in the first quarter worth approximately $29,000. True Wealth Design LLC boosted its stake in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after buying an additional 342 shares in the last quarter. Finally, Colonial Trust Co SC boosted its stake in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction 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 owned 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction on 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 acquisition, the director owned 72,776 shares of the company's stock, valued at $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 currently owned by corporate insiders.

SS&C Technologies Trading Down 0.8%

Shares of SS&C Technologies stock traded down $0.67 during midday trading on Friday, reaching $85.18. 1,581,130 shares of the company's stock traded hands, compared to its average volume of 1,096,290. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $21.01 billion, a PE ratio of 26.70 and a beta of 1.23. The stock has a 50 day moving average of $81.46 and a 200-day moving average of $80.98. SS&C Technologies Holdings, Inc. has a 12 month low of $66.83 and a 12 month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a return on equity of 19.08% and a net margin of 13.34%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 earnings per share. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced 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. 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 1.17%. SS&C Technologies's dividend payout ratio is presently 31.35%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SSNC shares. DA Davidson increased their price objective on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial increased their price objective on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley increased their price objective on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $97.13.

About SS&C Technologies

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.