Neo Ivy Capital Management Buys Shares of 49,002 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Neo Ivy Capital Management bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 49,002 shares of the technology company's stock, valued at approximately $3,713,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $359,000. Arkadios Wealth Advisors acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $215,000. SG Americas Securities LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $322,000. Janney Montgomery Scott LLC raised its position in SS&C Technologies by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 48,009 shares of the technology company's stock valued at $3,638,000 after buying an additional 1,727 shares during the last quarter. Finally, Curated Wealth Partners LLC raised its stake in shares of SS&C Technologies by 5.9% during the 4th quarter. Curated Wealth Partners LLC now owns 12,442 shares of the technology company's stock worth $943,000 after purchasing an additional 695 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 dropped their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Raymond James dropped their target price on 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. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $91.86.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies 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 sale, the director now owns 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 1.4%

Shares of SSNC stock traded up $1.15 on Tuesday, hitting $80.94. The company had a trading volume of 1,144,655 shares, compared to its average volume of 1,533,180. The stock's 50-day moving average is $78.15 and its two-hundred day moving average is $79.26. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm has a market cap of $19.96 billion, a P/E ratio of 26.98 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate 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 paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

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.