Nisa Investment Advisors LLC Reduces Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nisa Investment Advisors LLC trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,859 shares of the technology company's stock after selling 3,084 shares during the period. Nisa Investment Advisors LLC's holdings in SS&C Technologies were worth $1,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SSNC. Steward Partners Investment Advisory LLC boosted its position in SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after purchasing an additional 123 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of SS&C Technologies during the 4th quarter valued at about $7,634,000. HighTower Advisors LLC lifted 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. EverSource Wealth Advisors LLC lifted its position in shares of SS&C Technologies by 47.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,241 shares of the technology company's stock valued at $170,000 after buying an additional 717 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after buying an additional 158 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Raymond James Financial lowered 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. Needham & Company LLC decreased their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson lifted their target price on SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. reissued a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. 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. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $92.43.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.86 during trading hours on Wednesday, reaching $82.71. The stock had a trading volume of 925,939 shares, compared to its average volume of 1,329,885. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. SS&C Technologies Holdings, Inc. has a 52 week low of $66.46 and a 52 week high of $89.73. The company has a 50 day moving average price of $80.87 and a two-hundred day moving average price of $80.64. The stock has a market capitalization of $20.40 billion, a PE ratio of 25.69 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is 31.06%.

Insider Buying and Selling

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 owned 12,476 shares in the company, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was bought 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 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. 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.