Norris Perne & French LLP MI Sells 4,281 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Norris Perne & French LLP MI decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,463 shares of the technology company's stock after selling 4,281 shares during the period. SS&C Technologies makes up about 1.7% of Norris Perne & French LLP MI's investment portfolio, making the stock its 22nd largest position. Norris Perne & French LLP MI owned 0.11% of SS&C Technologies worth $22,341,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SSNC. Unigestion Holding SA grew its position in SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after acquiring an additional 85,427 shares during the last quarter. Truist Financial Corp raised its position in shares of SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after acquiring an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after buying an additional 322,781 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $3,544,000. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in shares of SS&C Technologies by 8.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 216,484 shares of the technology company's stock valued at $16,405,000 after purchasing an additional 16,333 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on SSNC. DA Davidson lowered their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Raymond James Financial dropped their target price 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, Needham & Company LLC cut their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note 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 MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $91.86.

Insider Activity

In related news, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $79.48 on Thursday. The business's 50 day moving average price is $78.36 and its 200 day moving average price is $79.81. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 24.68 and a beta of 1.24. 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 one year low of $61.13 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

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

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