SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 61.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,715 shares of the technology company's stock after selling 41,186 shares during the period. Parallel Advisors LLC's holdings in SS&C Technologies were worth $2,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter worth about $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the period. True Wealth Design LLC lifted its position in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after acquiring an additional 342 shares in the last quarter. Colonial Trust Co SC boosted its holdings in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares during the period. Finally, Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $51,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.5%

Shares of SSNC stock traded up $0.41 during trading hours on Tuesday, hitting $79.74. 787,921 shares of the company were exchanged, compared to its average volume of 1,313,063. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 26.58 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a one year low of $60.18 and a one year high of $89.73. The business's 50-day simple moving average is $77.91 and its two-hundred day simple moving average is $79.47.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.28 earnings per share. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced 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 of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies's payout ratio is currently 31.06%.

Insider Transactions at SS&C Technologies

In other news, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the sale, the director now owns 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 disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SSNC. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James decreased their price objective on shares of 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. DA Davidson reduced their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $91.86.

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.