SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Reduced by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,056 shares of the technology company's stock after selling 18,354 shares during the period. Pekin Hardy Strauss Inc.'s holdings in SS&C Technologies were worth $4,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SSNC. Steward Partners Investment Advisory LLC boosted its holdings in SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after buying an additional 123 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after buying an additional 139 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of SS&C Technologies by 16.1% in the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock valued at $84,000 after purchasing an additional 140 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after purchasing an additional 158 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial reduced their price target on shares of 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. DA Davidson reduced their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Needham & Company LLC reduced their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research 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 stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC remained flat at $83.23 during trading on Wednesday. 346,370 shares of the stock were exchanged, compared to its average volume of 1,329,676. SS&C Technologies Holdings, Inc. has a twelve month low of $61.13 and a twelve month high of $89.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The firm's fifty day moving average is $80.16 and its two-hundred day moving average is $80.40. The firm has a market cap of $20.53 billion, a PE ratio of 25.89 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director directly owned 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred 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 owned 12,476 shares of the company's stock, 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. 16.40% of the stock is owned by insiders.

About SS&C Technologies

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.