SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 129.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,548 shares of the technology company's stock after acquiring an additional 25,166 shares during the period. Park Avenue Securities LLC's holdings in SS&C Technologies were worth $3,721,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Unigestion Holding SA lifted its holdings in shares of SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock worth $7,964,000 after purchasing an additional 85,427 shares during the period. Truist Financial Corp raised its position in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after buying an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after acquiring an additional 322,781 shares during the period. Empowered Funds LLC boosted its holdings in shares of SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock valued at $8,188,000 after acquiring an additional 104,006 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of SS&C Technologies during the fourth quarter worth about $3,544,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director now owns 12,476 shares of the company's stock, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following 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 disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $0.60 during trading on Tuesday, hitting $81.82. 878,423 shares of the stock were exchanged, compared to its average volume of 1,314,287. The company has a market cap of $20.18 billion, a PE ratio of 27.27 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $77.63 and a two-hundred day moving average price of $79.68. SS&C Technologies Holdings, Inc. has a 12-month low of $60.18 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.28 earnings per share. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SSNC shares. Needham & Company LLC reduced their price objective on shares of 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. DA Davidson cut their target price on 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 raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Finally, Raymond James reduced their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. One research 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. Based on data from MarketBeat.com, the stock presently has an average 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.