Rhumbline Advisers Has $22.86 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rhumbline Advisers decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,630 shares of the technology company's stock after selling 6,379 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of SS&C Technologies worth $22,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its holdings in SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after purchasing an additional 123 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of SS&C Technologies by 2.0% in 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 during the last quarter. Global Retirement Partners LLC boosted its stake in shares of SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after acquiring an additional 149 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC traded up $0.42 during trading hours on Friday, reaching $80.64. 1,167,298 shares of the company traded hands, compared to its average volume of 1,315,325. 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's fifty day moving average is $77.72 and its 200 day moving average is $79.52. SS&C Technologies Holdings, Inc. has a 1-year low of $60.18 and a 1-year high of $89.73. The stock has a market cap of $19.89 billion, a P/E ratio of 26.88 and a beta of 1.24.

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. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.24%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.

Insiders Place Their Bets

In related news, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, with a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director now directly owns 12,476 shares in the company, valued at approximately $997,081.92. This represents 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.

Wall Street Analyst Weigh In

SSNC has been the topic of several analyst reports. DA Davidson lowered their price target 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. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC cut their target price 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies 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.