Norris Perne & French LLP MI Has $22.34 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Norris Perne & French LLP MI trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,463 shares of the technology company's stock after selling 4,281 shares during the period. SS&C Technologies comprises approximately 1.7% of Norris Perne & French LLP MI's portfolio, making the stock its 22nd biggest holding. Norris Perne & French LLP MI owned about 0.11% of SS&C Technologies worth $22,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SS&C Technologies by 37.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company's stock worth $1,004,000 after acquiring an additional 3,293 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of SS&C Technologies by 16.1% during the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after acquiring an additional 140 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of SS&C Technologies during the first quarter worth $224,000. QRG Capital Management Inc. raised its holdings in shares of SS&C Technologies by 14.5% during the first quarter. QRG Capital Management Inc. now owns 61,359 shares of the technology company's stock worth $5,125,000 after acquiring an additional 7,793 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of SS&C Technologies during the first quarter worth $509,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jonathan E. Michael bought 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction dated 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 directly owns 12,476 shares in the company, valued at approximately $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. 16.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent research reports. DA Davidson cut 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Raymond James Financial cut their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Finally, Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One investment 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 stock presently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded down $0.05 during midday trading on Friday, hitting $79.43. The company's stock had a trading volume of 1,653,706 shares, compared to its average volume of 1,319,189. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 24.67 and a beta of 1.24. The stock's 50 day simple moving average is $78.52 and its 200 day simple moving average is $79.87. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.13 and a fifty-two week high of $89.73. 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 (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

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.