Ritholtz Wealth Management Invests $509,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ritholtz Wealth Management acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,089 shares of the technology company's stock, valued at approximately $509,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SS&C Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of SS&C Technologies by 3.4% during the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after buying an additional 539,483 shares during the last quarter. Boston Partners lifted its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Cantillon Capital Management LLC lifted its position in shares of SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after buying an additional 25,895 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after buying an additional 258,554 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $1.34 on Monday, hitting $80.77. The company's stock had a trading volume of 1,042,049 shares, compared to its average volume of 1,318,081. The company has a market capitalization of $19.92 billion, a PE ratio of 25.08 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. SS&C Technologies Holdings, Inc. has a 1 year low of $61.13 and a 1 year high of $89.73. The company has a 50-day simple moving average of $78.59 and a 200 day simple moving average of $79.92.

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 for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The company 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 18.68% and a net margin of 13.69%. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. SS&C Technologies's dividend payout ratio is 31.06%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm'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 transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 1st. The shares were bought 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 in the company, valued at $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. 16.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reissued 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. Raymond James Financial dropped their price objective on 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 dropped their price objective 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. Needham & Company LLC dropped their price objective on 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, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. 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. According to MarketBeat.com, SS&C Technologies has an average rating of "Buy" and a consensus target price of $91.86.

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.